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Would You Rather $64,800 or $10,000?

Posted: March 03, 2021 by John Welcom

Ronald purchased a $300,000 Universal Life policy back in 1999 to provide his wife with financial security. Unfortunately, after 20+ years, Ronald could no longer afford the premium payments as his healthcare costs were mounting.

When Buyers Compete, Policy Owners Win!

Ronald purchased a $300,000 Universal Life policy back in 1999 to provide his wife with financial security. Unfortunately, after 20+ years, Ronald could no longer afford the premium payments as his healthcare costs were mounting. One day, while watching the evening news, Ronald saw a TV commercial from a direct buyer, called a life settlement provider, about selling a life insurance policy for cash. Ronald decided to call the direct buyer and after weeks of waiting, he was offered $10,000 for his $300,000 policy. Ronald said, “no way,” and decided to investigate other alternatives. Ultimately, Ronald decided that a life settlement broker, who would contact multiple companies to maximize the purchase price, would be his best option. After extensive research, he chose Welcome Funds. Welcome Funds conducted a transparent auction securing a total of 22 offers. In the end, Ronald received a check for $64,800, 548% more than the offer extended by the direct buyer!

Policy's Insured

Male | Age 69

Health Status

Fair

Policy Type

Universal Life

Face Amount

$300,000

Annual Premium

$21,442

Surrender Value

$749

Life Settlement Payout.... $64,800

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.

Ronald's Life Settlement Case Study




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