How to Sell Your Life Insurance Policy for $145,200 Instead of $0!
Posted: July 01, 2022 by John Welcom
John purchased a 10-Year Level Term Policy at age 59 to provide his wife with financial security. Ten years later, John and his wife were faced with the decision to convert the policy into permanent coverage at a cost of $35,825.00 per year or pay the annual renewal rates, neither of which was financially feasible. Since the policy served its original purpose and maintaining coverage was not an option, the couple was prepared to let the policy expire. Thankfully, John's life insurance agent suggested he explore the life settlement option rather than letting the policy lapse.
IS YOUR CLIENT’S TERM LIFE INSURANCE POLICY ABOUT TO EXPIRE?
John purchased a 10-Year Level Term Policy at age 59 to provide his wife with financial security. Ten years later, John and his wife were faced with the decision to convert the policy into permanent coverage at a cost of $35,825.00 per year or pay the annual renewal rates, neither of which was financially feasible. Since the policy served its original purpose and maintaining coverage was not an option, the couple was prepared to let the policy expire. Thankfully, John's life insurance agent suggested he explore the life settlement option rather than letting the policy lapse.
Policy's Insured |
Male | Age 68 |
Health Status |
Poor |
Policy Type |
Term Life |
Face Amount |
$1,500,000 |
Annual Premium |
$35,825 |
Surrender Value |
$0 |
Life Settlement Payout.... $145,200
For more information, please visit www.welcomefunds.com.
Click here to download: Suitability of Life Settlements
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�...