Use Cases
Many of your clients own a life insurance policy that has outlived its original purpose. For example, you may have drafted an ILIT funded with a life insurance policy to pay estate taxes. Today, your client's estate may not be large enough to be subject to estate taxes given the increases enacted by OBBBA. In other cases, the premium may have increased substantially.
Rather than surrendering the policy to the insurance company, a life settlement may produce a higher cash settlement.
Annual client reviews or tax preparation may reveal a need for additional cash today to supplement retirement income, pay medical bills, or fund assisted living.
Perhaps your client owns a Universal Life policy with steeply rising premiums or one that is in danger of lapsing.
A life settlement can uncover hidden cash to pay for these services and relieve the financial and emotional burden on the children.
1. Takes less than 2 minutes. 2. Completely free. 3. Results available immediately.