With both parents suffering from dementia, these concerned siblings were looking for a way to help their mom and dad pay for long-term care. Betty and Robert moved into a memory care facility together, and the expenses were a financial challenge for the entire family. The married couple purchased life insurance for estate planning purposes in 2004, but since lifetime estate exclusion amounts increased, it was no longer necessary to keep the policy for this reason. The siblings contacted their financial advisor who suggested they sell the policy to GWG Life, LLC (GWG Life). Instead of settling for the surrender value of $73,185, they were paid $170,000. Now that premium payments have been eliminated, there are more funds available to pay for their parents’ care.