Instead of focusing on their own retirement and family financial goals, Maria’s adult children were funding her caregiving needs. The life settlement created enough funds to pay for her care and eliminated the burdensome premium payments. Her children were happy they could fund care for their mother and focus on their long-term financial goals.
Financial ripple effect caused reductions in cash flow
Used the cash to fund their livelihood.
Could no longer afford premiums
Received a lump sum and reallocated premiums for today’s needs.
Their needs had changed, and they no longer needed the policy
They were able to uncover significant liquidity and fund their retirement.