Case Study# 1:
80-year-old female
- Policy Face Value: $1.5M
- Annual Premium: $36,052
- Client Offer: $ 234,000
- Policy Type: UL
- Cash Value: $0
Summary: The client’s estate had decreased and it had become very difficult for her to pay her annual life insurance policy premium. She needed to sell the policy or it was going to lapse…and her policy had no cash value. She decided to test the market and find out the value of her policy from a settlement perspective, and was thrilled to receive an appraisal of nearly a quarter of a million dollars!
Case Study #2:
82-year-old male
- Policy Face Value: $1.85M
- Annual Premium: $65,100
- Client Offer: $410,000
- Policy Type: UL
- Cash Value: $0
Summary: This client no longer needed his policy, which was originally purchased for estate tax purposes. The client was able to recoup much of the premium he had paid into the policy over the years.
Case Study #3:
87-year old male and 83-year-old female
- Policy Face Value: $1.65M
- Annual Premium: $59,260
- Client Offer: $360,000
- Policy Type: Survivorship Universal Life
- Cash Value: $119,047
Summary: During a review of their estate plan/needs, the clients (a married couple) and their agent mutually determined that the SUL policy the clients had purchased years ago was no longer necessary. As this was the first life settlement transaction that the agent had ever attempted, he recommended that the client have it appraised. Even though the policy was a Florida-domiciled SUL, we were able to garner an appraised value that was more than three times the policy’s cash value, far exceeded the clients’ expectations.
*Case On File