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.
Could no longer afford premiums
Received a lump sum and reallocated premiums for today’s needs.
Surrendering policy and interested in receiving more money
Adult children unable to pay premiums to maintain the policy.
Business was sold, and the policy was no longer needed
Business owner was able to receive additional value above and beyond the sale of the company.
