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

Posted: February 23, 2021 by John Welcom

Life Settlement Case Study | 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

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




Recent Blogs

Life Settlement Case Studies from Welcome Funds

Sell A Term Life Insurance Policy: See How Kevin Received $30,000 Instead of $0!

Posted: March 20, 2023 by John Welcom

Kevin purchased a 10 year level term life insurance policy at age 58 to provide his family with some financial security. The expiration date was fast approaching and Kevin's medical bills were mounting. In need of some financial relief, he was contem...

Life Settlement Case Studies from Welcome Funds

Sell A Term Life Insurance Policy: See How Scott Received $2,650,000 Instead of $0!

Posted: March 13, 2023 by John Welcom

Scott purchased a $6 million dollar 10-year term life insurance policy at age 59 to protect his family and business interests. A decade later, approaching the term conversion deadline, Scott was facing a $148,000 annual conversion premium. He did not...

How to Combat Rising Life Insurance Premiums

Combating Rising Life Insurance Premiums

Posted: March 06, 2023 by John Welcom

Life settlements provide life insurance policy owners a safe, regulated avenue for selling their policies at prices that represent fair market value when utilizing the services of a life settlement broker. The life settlement broker, like Welcome Funds, utilizes an auction platform to maximize the sale of a life insurance policy. 




Sell Your Life Insurance policy Sell Your Life Insurance policy