Client Testimonials
Thank you Rob!
Client Situation
An 82-year-old life insurance policy owner wanted to help fund his granddaughter’s graduate school education while avoiding additional debt or financial strain on his family’s retirement plans.
Challenge
The policy’s cash value was nearly depleted and would only cover premium payments for less than two years, putting the policy at risk of lapsing unless the insured began paying $15,000 annually out of pocket.
Our Approach
Old Goat Consultants conducted a comprehensive review of the life insurance policy, the insured’s health profile, and the family’s financial goals. We worked closely with the family to evaluate alternatives and ultimately structured a Life Settlement solution that allowed them to access the policy’s value now while relieving the insured of future premium obligations.
Outcome
The Life Settlement resulted in $125,000 in proceeds, which were used to help pay for the granddaughter’s law school education and significantly reduce her reliance on student loans.
Client Perspective
“This solution allowed us to support our granddaughter’s education without putting additional pressure on our retirement savings. Knowing the policy could help her achieve her dream of becoming a lawyer gave our family tremendous peace of mind.”
Highly Recommend!
Client Situation
An 82-year-old life insurance policy owner wanted to help his granddaughter pay for graduate school while avoiding financial strain on his own retirement assets.
Challenge
The life insurance policy’s cash value was nearly depleted and would only cover premium payments for less than two years, after which the policy would lapse unless the insured began paying $15,000 annually out of pocket.
Our Approach
Old Goat Consultants reviewed the life insurance policy, medical underwriting, and the family’s financial goals. After evaluating alternatives such as retirement account withdrawals and home equity loans, we structured a Life Settlement strategy that allowed the family to access the policy’s value now while eliminating future premium obligations.
Outcome
The Life Settlement resulted in $125,000 in proceeds, which were used to help fund the granddaughter’s law school education and significantly reduce the need for student loans.
Client Perspective
“This solution made it possible for us to support our granddaughter’s education without putting her future or our retirement at risk. It felt good knowing the policy could help her pursue her dream of becoming a lawyer.”
Can't Thank OGC Enough!
Client Situation
An 83-year-old retired life insurance agent was caring for his wife, who was living with advanced Alzheimer’s disease. He wanted to keep her at home for as long as possible before transitioning to full-time facility care.
Challenge
The cost of long-term in-home care was significant, and one of the couple’s life insurance policies carried high annual premiums with minimal cash value.
Our Approach
Old Goat Consultants reviewed the client’s portfolio of life insurance policies, medical records, and life expectancy reports to determine the most appropriate strategy. After evaluating a $2 million universal life policy with high premium requirements, we structured a Life Settlement that aligned with the client’s caregiving goals and long-term care needs.
Outcome
The Life Settlement provided $360,000 in proceeds, which were not subject to taxation due to the client’s cost basis exceeding the settlement amount. These funds enabled the family to cover extended in-home care costs and plan for future nursing home care when needed.
Client Perspective
“This solution allowed me to focus on caring for my wife without worrying about how I would afford the help she needs. Knowing we have a plan in place has given me peace of mind during an incredibly difficult time.”