Case Studies
The following cases represent real-life life settlements and describe how people benefited from the sale of their life insurance policy:
Salvaging a Policy from Lapse to Protect a Home
One 78-year-old man was unable to keep up with his premiums for a $250,000 policy and was in danger of losing his home due to mounting bills and unpaid loans. He had experienced unexpected health problems that were not covered by Medicare. He had also provided money to a grandchild for college tuition. Now, he found himself in difficult financial straits. He was unable to pay his premiums and was prepared to let the policy lapse. He was even facing foreclosure on his house. Then a friend told him about life settlements and he asked a financial advisor. As a result, the $70,000 payment he received within a week of seeking bids and a day of selling his policy has helped him pay off some troubling debts and keep his home.
Creating Financial Security and Peace of Mind
One 76-year-old man developed financial problems after his wife passed away and realized he could no longer afford to pay the premiums for a $2.5 million survivorship universal life policy. He was prepared to cash it in for just $55,544 when his broker referred him to a specialist in life settlements. Having received $785,000 as a top bid, he was able to secure his future years and told his broker that this had changed his life.
Salvaging a Policy from Lapse to Protect a Home
One 78-year-old man was unable to keep up with his premiums for a $250,000 policy and was in danger of losing his home due to mounting bills and unpaid loans. He had experienced unexpected health problems that were not covered by Medicare. He had also provided money to a grandchild for college tuition. Now, he found himself in difficult financial straits. He was unable to pay his premiums and was prepared to let the policy lapse. He was even facing foreclosure on his house. Then a friend told him about life settlements and he asked a financial advisor. As a result, the $70,000 payment he received within a week of seeking bids and a day of selling his policy has helped him pay off some troubling debts and keep his home.
Creating Financial Security and Peace of Mind
One 76-year-old man developed financial problems after his wife passed away and realized he could no longer afford to pay the premiums for a $2.5 million survivorship universal life policy. He was prepared to cash it in for just $55,544 when his broker referred him to a specialist in life settlements. Having received $785,000 as a top bid, he was able to secure his future years and told his broker that this had changed his life.