877.227.4484
How to Sell Your Life Insurance Policy for $250,000 Instead of $4,811!
Posted: September 12, 2022 by John Welcom
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
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...
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 ...
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...
