877.227.4484
How to Sell Your Life Insurance Policy for $81,005 Instead of $43,000!
Posted: November 09, 2021 by John Welcom
After seeing an ad from a direct buyer on TV, Dave was surprised to learn that his life insurance policy could be sold for a cash payment. Dave contacted the direct buyer who offered him $43,000. Before proceeding with that offer, Dave contacted his CPA to see if this was in his best interest.
21 OFFERS IS BETTER THAN 1!
After seeing an ad from a direct buyer on TV, Dave was surprised to learn that his life insurance policy could be sold for a cash payment. Dave contacted the direct buyer who offered him $43,000. Before proceeding with that offer, Dave contacted his CPA to see if this was in his best interest. The CPA recommended he receive a second opinion and contacted Welcome Funds. Dave quickly learned that several other buyers were willing to extend offers on his policy as well. Thanks to the auction platform of Welcome Funds, Dave received almost double the amount he was initially offered by the direct buyer, thereby maximizing the value of his policy.
|
Policy's Insured |
Male | Age 88 |
|
Health Status |
Fair |
|
Policy Type |
Universal Life |
|
Face Amount |
$300,000 |
|
Annual Premium |
$36,000 |
|
Surrender Value |
$0 |
Life Settlement Payout.... $81,005
Recent Blogs
The Social Security Fund Shortfall: Reimagining Your Financial Security (Pt. 2)
Posted: July 15, 2024 by John Welcom
We encourage seniors and their financial advisors to think differently about Social Security and the country's retirement fund. The message is the following: don't panic about losing bene...
Finding Cash Flow from Passive Income Sources
Posted: July 01, 2024 by John Welcom
Beyond traditional income sources, there's a hidden asset you might be overlooking: your life insurance policy. If your policy is no longer needed or the premiums have become a burden, a life settlement could turn it into a significant cash infusion,...
How You Can Benefit from Market Competition When Buying AND Selling Your Life Insurance Policy
Posted: June 17, 2024 by John Welcom
Most of us know from experience that competition in the marketplace tends to be the key factor for consumers to get the best value on a purchase, whether it’s a new dishwasher or a new car...
