This policy owner purchased his life insurance in 2005 when he was 70 years old. Since then, he has developed some health challenges and has decided he no longer wants to maintain the premium payments. He sold his policy to GWG Life, LLC (GWG Life) for $15,000—twenty times more than the cash surrender value offered by the insurance company. Now he has Life Insurance funds he could apply towards medical bills or to supplement his retirement income.