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How to Sell Your Life Insurance Policy for $173,005 Instead of $0!

Posted: February 23, 2021 by John Welcom

Life Settlement Case Studies from Welcome Funds - Would You Rather $173,005 or $0?

After paying premiums on his life insurance policy for years, Larry’s liquidity needs and health changed significantly. Times were tough, so to maintain his savings, Larry decided it was best to lapse the coverage. Thankfully, Larry’s advisor contacted Welcome Funds during the life insurance policy's grace period to determine if the policy had any value in the secondary market.

Never Lapse or Surrender a Life Insurance Policy, Call Welcome Funds First!

After paying premiums on his life insurance policy for years, Larry’s liquidity needs and health changed significantly. Times were tough, so to maintain his savings, Larry decided it was best to lapse the coverage. Thankfully, Larry’s advisor contacted Welcome Funds during the policy's grace period to determine if the policy had any value in the secondary market. After an initial analysis, it was evident that Larry was an excellent candidate for a life settlement. Welcome Funds negotiated multiple bids and secured a purchase price of $173,005! Larry used the proceeds from the settlement to pay for costly treatments and to maintain his quality of life, stress-free. The advisor not only earned a well-deserved commission but also receives client referrals from Larry and his family as appreciation for his brilliant recommendation!

Policy's Insured

Male | Age 74

Health Status

Poor

Policy Type

Group Universal Life

Face Amount

$500,000

Annual Premium

$10,856

Surrender Value

$0

Life Settlement Payout.... $173,005

Disclaimer: Services may not be available in all states. The above case study is taken from the internal files of Welcome Funds. Case studies are provided for informational and educational purposes only. Results may vary. Qualification is based on age, health, and future premium costs, and not all policies will qualify for an offer. The client’s name has been changed to protect his privacy. The following summary represents the transactional averages of Welcome Funds Inc. for policies closed between 7/1/2020 to 12/31/2020: $277,650 net amount paid to seller; 24.98% of net death benefit paid to seller; 12 bids negotiated per closed policy; and insured age of 76.58. $800 million paid to our clients and 25,000 offers negotiated are based on actual transactions completed by Welcome Funds Inc. since its inception.

Larry's Life Settlement Case Study




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