877.227.4484
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 want to pay this much for coverage.
WELCOME FUNDS EXCEEDS EXPECTATIONS!
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 want to pay this much for coverage. Scott spoke with his financial advisor, who recommended looking into the life settlement option. Based on his significant health history, he told Scott he could “probably get $1 million bucks.” Scott was thrilled.
They contacted Welcome Funds and experienced the power of the firm’s auction platform. Scott received over 25 life settlement offers and was overwhelmed when he ended up receiving $2,650,000! He is enjoying his retirement with plenty of cash in the bank. Both Scott and his advisor, who was paid on the conversion, are extremely happy.
|
Policy's Insured |
Male | Age 69 |
|
Health Status |
Poor |
|
Policy Type |
Term Life Insurance Policy |
|
Face Amount |
$6,000,000 |
|
Annual Premium |
$148,000 |
|
Surrender Value |
$0 |
Life Settlement Payout.... $2,650,000
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�...
