Actual Case Examples

Brian purchased a $1.5M policy to benefit his wife, who subsequently passed away.He was 77 and had paid a total of $86,000 into the policy and did not want to continue with the premiums.  He received a Life Settlement payment of  $703,000.  

Jeff had a $1M policy that he had paid into for years.  He became ill at 57 and could no longer work - with his diminished income he could no longer afford to keep the policy, which had approximately $50,000 cash value.   His insurance company told him his only option was to surrender the policy - instead we were able to get him a Life Settlement for $400,000.

Jack was 60 and had multiple policies, including $1M 20-Year Term Policy.  He needed an influx of cash for his business.  He had paid a total of about $84K in premiums into this policy, and we were able to sell it for $515,000.

Alan had two policies with a combined value of $386K. He had retired and was paying $18K per year in premiums, and wanted to either reduce his premiums or stop paying them altogether. We were able to get him a Life Settlement of $96,000 for the two policies, and arrange for a less costly policy.

Frank was 68 and had a $1M Term policy that was about to expire.  He couldn't afford the conversion premiums and was going to just let it lapse.  We were able to sell his converted policy for a cash payment of $90,000


Dr. A was 67 and had a $2M policy that was lapsing - the company told him he would have to pay $65,000 immediately and then $5,000/month to keep the policy in force.  We sold the policy for $30,000, which he used to purchase a new $2M policy with premiums of only $2,500/month!  So he was able to maintain the same amount of coverage with half the premiums and no out of pocket cost! 

Mr. B had a variable policy with a current death benefit of approximately $1.3M. The agent who sold it to him years before had said it would not only provide a death benefit, but also could provide income in retirement.  At age 75, the policy was in danger of lapsing without significant additional premium. We were able to sell his policy for $585,000 that he could use to purchase a new less expensive policy, with a guaranteed death benefit. 

Dr. B was 70 and had a $1M Universal Life policy; he no longer needed the coverage and didn't want to continue paying expensive premiums in his retirement years.  We were able to get him a cash payment of $432,400!