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Cost of Insurance
for Universal Life Insurance
Future cost of insurance charges for Universal Life Insurance Policies are typically not easy to obtain from your life insurance company. We may be able to help, contact us at 1-877-227-4484 for assistance.

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DEFINITION OF COST OF INSURANCE (COI)

Generally applicable to life insurance policies such as variable and universal life, cost of insurance charges are monthly charges for mortality, administration, and other aspects of expenses on the part of the life insurance company. They are assessed against the policy based on the insured's attained age, the original rating class, and the current net amount at risk. In most cases, the cost of insurance is deducted from any premium payments made before crediting the account's accumulation value. Additionally, historical cost of insurance charges are used when determining Cost Basis, which is important for tax considerations of surrendering a life insurance policy or selling a policy.

SELLING YOUR LIFE INSURANCE POLICY IS AN IMPORTANT DECISION

How do you know if you will receive the best offer when you sell your life insurance policy? The only way to know for sure is to apply to every licensed buyer in your state, which could be 10-35 different companies. And those direct buyers do not have your best interest in mind, they represent their investors. At Welcome Funds, we've leveled the playing field for policy owners. We negotiate the best offer for you by conducting an auction with these buyers. One application, one company, it's what we call...Life Settlements. Simplified.

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