Life Insurance Settlement Cases
The following current case studies authenticate how life insurance settlements have helped seniors in various life circumstances.
90-YEAR-OLD-FEMALE (HEALTHY FOR AGE) faced an upcoming payment of over 10 percent of the face value in annual premiums, because the policy had been under-funded for the last few years. The insured felt she was on her way to becoming a centenarian and wanted to take what she could now and enjoy her life. Her children were established and agreed to the sale as they were beneficiaries.
73-YEAR-OLD-MALE (PREFERRED HEALTH) with a 16+ year life expectancy wanted a smaller policy but would not benefit from surrendering the current policy. His financial advisor chose to reduce the amount of insurance using the proceeds from the life settlement to fund a $3M policy. The client was able to walk away from the policy with $135,000.00 vs. “0”.
83-YEAR-OLD-MALE (IMPARED HEALTH) needed to reduce his coverage because he was over insured due to the recent estate tax law changes. The client was able to reduce coverage of multiple policies from $12.5M to $7.5M. This was achieved by taking the max surrender value from this policy which was $1.7M and a life settlement of $375K; netting the client $2.75M