How to Sell Your Life Insurance Policy for $100,000 Instead of $30,000!

Posted: February 10, 2021 by John Welcom

Life Settlement Case Study | Would You Rather $64,800 or $10,000?

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

Click here to download: Jerry's Life Settlement Case Study




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