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Case 1:
A life insurance settlement provided this couple $257,000 more than their
policy surrender value would have...
A huband and wife, each 77 years of age in moderate healyh owned a $3,000,000
joint survivorship life insurance policy. When their annual premiums became
unaffordable at $82,000 a year, they decided to look for another option.Canceling
the policy would have yielded a cash surrender value of $693,000, but a
life settlement allowed them to sell the policy for $950,000 instead, delivering
an additional $257,000.
Case 2:
A $186,000 life settlement helps an 82 year old man afford his climbing
medical bills...
A 82 year old man with a $250,000 term policy found his medical bills escalading
beyond his means, due to his declining health. Because his policy was a
term policy, cancelling it would have eliminated the expensive premiums,
but would have returned 0$ back on the payments he'd already made. Trusted
Life reviewed his policy and was able to obtain an offer for $186,000. A
life insurance settlement not only eliminated the premiums, but delivered
$186,000 profit to apply to his medical bills!
Case 3:
When changing estate tax laws reduced this woman's insurance needs, a life
insurance settlement allowed her to purchase of a more suitable policy and
receive an additional $740,000 back!
A healthy 82 year old woman purchased a $10,000,0000 life insurance policy
to cover the tax on her estate in the event of her death. However, with
recent changes in estate tax laws, that much insurance soon became excessive
and unnecessary. Her advisor suggested that she sell her policy and purchase
a more suitable one with reduced or eliminated premiums. Cancelling the
policy would have yielded a cash surrender value of $356,000,but her advisor
obtained a life settlement offer for $1,500,000 - an increase of $1,144,000!
The advisor helped her use a portion of the increase to purchase a life
insurance policy with no future premiums, and issued her a an additional
check for $740,000!
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