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Case 1 |
A 74-year-old
male with moderate health issues has a $300,000 life
insurance policy with $1200 in cash value. The reasons for
purchasing the policy have changed and he decides that it
would be best to let the policy go. |
|
Life Solution: |
Through a life
settlement, the insured receives $19,000, that’s almost 16
times his surrender value. |
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Case 2 |
A 75-year-old
female with minor health issues has a $1,000,000 term life
insurance policy with no cash value. The term was about to
expire and she did not want to pay the $36,000 annual
premium required for the policy to remain in force. She
decides that it would be best to let the policy go. |
|
Life Solution |
Through a life settlement, the
insured receives $140,000. |
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Case 3 |
A 70-year-old male with minor
health issues owns $440,000 of universal life insurance. The needs for which the
policy was purchased have since gone away. The client has less than $2000 in
cash value. |
|
Life Solution |
By allowing the policy to be
valuated at current market conditions, the client received a life settlement of
$75,000. |
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Case 4 |
A 81-year-old male with
significant health issues has a $150,000 expiring term policy. Due to the
client’s age, the policy could not be converted to a permanent policy and the
premiums were increasing from 1.8% to 14.7% annually. |
|
Life Solution |
The client elected to pursue a
life settlement and received a life settlement offer of $4200. |
