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Would You Rather $187,000 or $0?

Posted: April 06, 2021 by John Welcom

A small business was filing for bankruptcy and its assets were being reviewed. The company’s financial advisor helped the partners identify the value, which they did not know existed, contained in its key man life insurance coverage.

Welcome Funds Represents Your Best Interests!

A small business was filing for bankruptcy and its assets were being reviewed. The company’s financial advisor helped the partners identify the value, which they did not know existed, contained in its key man life insurance coverage. The advisor recommended that Welcome Funds appraise the policy. The business decided to maintain the coverage so that the policy could be sold as a life settlement, instead of letting it lapse for $0. The proceeds from the sale paid off creditors and finalized the bankruptcy settlement. The partners were able to address their much needed liquidity needs and move on with their lives.

Policy's Insured

Male | Age 77

Health Status

Fair

Policy Type

Universal Life

Face Amount

$1,500,000

Annual Premium

$74,000

Surrender Value

$0

Life Settlement Payout.... $187,000

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.

Jack's Life Settlement Case Study




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