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How to Sell Your Life Insurance Policy for $54,000 Instead of $20,000!

Posted: February 19, 2021 by John Welcom

Life Settlement Case Studies from Welcome Funds - Would You Rather $54,000 or $20,000?

Margie purchased a 20-year level, convertible Term life insurance policy at age 48 to provide her daughter with financial security. Twenty years later, the term premium was set to increase dramatically and Margie's family could not afford to maintain the term life policy.

The Power of Competition Results in a 170% Increase

Margie purchased a 20-year level, convertible Term life insurance policy at age 48 to provide her daughter with financial security. Twenty years later, the term premium was set to increase dramatically and Margie's family could not afford to maintain the term life policy. Margie decided to explore a life settlement after seeing a TV commercial. She contacted one buyer directly, called a life settlement provider, but felt the $20,000 offer she received was low given her deteriorating health. Thankfully, Margie reached out to Welcome Funds to obtain a second opinion. Welcome Funds conducted a transparent auction securing a total of 16 offers from multiple life settlement providers (buyers). In the end, Margie was paid $54,000, a 170% increase compared to the offer she received initially and was able to assist her daughter with a down payment on a new house.

Policy's Insured

Female | Age 68

Health Status

Fair

Policy Type

Term Life

Face Amount

$500,000

Annual Premium

$23,880

Surrender Value

$0

Life Settlement Payout.... $54,000

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.

Margie's Life Settlement Case Study




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