How to Sell Your Life Insurance Policy for $173,005 Instead of $0!
Posted: February 23, 2021 by John Welcom

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
Recent Blogs

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...

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...

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.