How to Sell Your Life Insurance Policy for $250,000 Instead of $4,811!

Posted: September 12, 2022 by John Welcom

Would You Rather $250,000 or $4,811?

Mark bought an individual $2M Lincoln National Universal Life policy in 2017 (at age 78). Due to financial constraints, he could no longer afford the $104,330 annual premium to maintain the policy. Unfortunately, reducing the Death Benefit was not a consideration because there was very little cash in the policy. Mark thought he needed to surrender the policy for $4,811

NEVER SURRENDER A LIFE INSURANCE POLICY WITHOUT FINDING OUT WHAT ITS' WORTH!

Mark bought an individual $2M Lincoln National Universal Life policy in 2017 (at age 78). Due to financial constraints, he could no longer afford the $104,330 annual premium to maintain the policy. Unfortunately, reducing the Death Benefit was not a consideration because there was very little cash in the policy. Mark thought he needed to surrender the policy for $4,811. When he asked his financial advisor to send him the surrender paperwork, the advisor suggested the life settlement option and Welcome Funds. Mark realized that anything above his surrender value would be a victory. It certainly was, in a big way.

Policy's Insured

Male | Age 78

Health Status

Good

Policy Type

Universal Life

Face Amount

$2,000,000

Annual Premium

$104,330

Surrender Value

$4,811

Life Settlement Payout.... $250,000




Recent Blogs

FINRA Guide to Life Settlements

New FINRA Guide Advises Seniors on Life Settlements

Posted: September 08, 2023 by John Welcom

This informative blog from Welcome Funds delves into FINRA's latest guide, designed to empower older Americans considering life settlements. It discusses the importance of comprehending life settlements, fair pricing, and the role of licensed brokers...

Life Settlement Transactions

U.S. Life Settlement Transactions Up by 4% in 2022, According to The Life Settlements Report

Posted: September 01, 2023 by John Welcom

The U.S. life settlement market — in which seniors are able to sell life insurance policies they no longer need or can afford to institutional investors for a cash payment — returned to ...

Managing Retirement Costs

Tips for Managing Retirement Costs

Posted: August 22, 2023 by John Welcom

The U.S. economy may be healthy by most standard measures, but there are still significant challenges for retirees.  Volatile investment markets and rising prices for everything from energy to groceries has understandably strained a lot of retiremen...




Sell Your Life Insurance policy Sell Your Life Insurance policy