Caroline originally purchased her life insurance policy to pay for her children’s educations in the event that she passed away. By 2014, the children were well into middle age and no longer needed the coverage. The family felt the current cost of the policy wasn’t worth the benefit at this point in their lives. Fortunately, their financial advisor was familiar with life settlements and suggested they sell the policy to GWG Life, LLC (GWG Life). The company paid $32,500 for the policy. Now they are free of premium payments and can use the money for future financial needs.