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.
Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.
Their needs had changed, and they no longer needed the policy
They were able to uncover significant liquidity and fund their retirement.
Donated policy to a charity ran out of cash value to pay premiums
Donor was able to create a living legacy and enjoy seeing the gift used while living.
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