How to Sell Your Life Insurance Policy for $100,000 Instead of $30,000!
Posted: February 10, 2021 by John Welcom
Jerry purchased a $500,000 Universal Life policy seven years ago to provide his wife with “peace of mind.” Unfortunately, he could no longer afford the premium payments and contemplated letting the policy go. Jerry’s wife saw a TV commercial from a direct buyer, called a life settlement provider, about selling a life insurance policy for cash.
When Buyers Compete, Policy Owners Win!
Jerry purchased a $500,000 Universal Life policy seven years ago to provide his wife with “peace of mind.” Unfortunately, he could no longer afford the premium payments and contemplated letting the policy go. Jerry’s wife saw a TV commercial from a direct buyer, called a life settlement provider, about selling a life insurance policy for cash. Jerry decided to call the direct buyer and after waiting several months, he was offered $30,000 for his policy. Jerry was skeptical and thought the purchase price was low given his age and health history. He then contacted Welcome Funds, “just to be sure.” Welcome Funds conducted a transparent auction securing a total of 10 offers. In the end, Jerry and his wife received a check for $100,000, 233% more than the offer from the direct buyer!
Policy's Insured |
Male | Age 78 |
Health Status |
Fair |
Policy Type |
Universal Life |
Face Amount |
$500,000 |
Annual Premium |
$20,794 |
Surrender Value |
$13,794 |
Life Settlement Payout.... $100,000
Recent Blogs
Advisors Take Notice: New Report Forecasts Double-Digit Growth in Life Settlement Market
Posted: April 01, 2024 by John Welcom
If you're a financial advisor with senior clients, it's important to be aware of the life settlement option. Life settlements can be a great way for seniors to generate immediate cash and el...
Finding Cash Flow from Passive Income Sources
Posted: March 25, 2024 by John Welcom
Tired of chasing high-risk investments or selling off assets to cover retirement expenses? Discover 8 proven ways to create passive income streams and enjoy a more comfortable retirement. Plus, learn how a life insurance policy you no longer need m...
New Longevity Risk Underwriting Tools Improve the Stability of the Life Settlement Market
Posted: March 15, 2024 by John Welcom
The pricing of life insurance products is tied to the forecast of an insured’s life expectancy—what insurance experts call “longevity risk"—and relies on an estimate of the insured�...