Case Study One: Premiums Unaffordable

Insured: 82-year-old female
Type of Policy: Universal Life
Face Amount: $1,000,000
Cash Surrender Value: $17,800

Sale Price to LPA: $196,000

Challenge:The client could no longer afford premiums on this policy. The insurance advisor qualifi ed the client for a life settlement and used part of the proceeds to place in a new policy and eliminated the premiums.

Case Study Two: Little or No Policy Value

Insured: 78-year-old male
Type of Policy: Universal Life
Face Amount: $500,000
Cash Surrender Value: $45

Sale Price to LPA: $47,500

Challenge: The client had been using the policy equity to fund premiums till the cash value was very low. Choice was now to either pay premiums or allow policy to lapse. The insurance advisor determined that there was no longer any need for the policy. The life settlement yielded substantially greater amount than the surrender value.

Case Study Three: Need Cash for Lifestyle

Insured: 70-year-old male
Type of Policy: Second to Die Universal Life
Face Amount: $500,000
Cash Surrender Value: $518

Sale Price to LPA: $53,000

Challenge:Originally purchased for income protection. Widower with no children and no continuing need for the policy. The insured then sold the policy for a value significantly greater than the cash surrender value and used cash for new car, paid out credit card debt and took holiday.

To apply for a life settlement email us or Call 800-930-5721

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How to Cash in Your Life Insurance Policy - Best Value, Most Cash, Best Rates