Life Settlement Provide Financial Relief

Posted: August 21, 2024 by John Welcom

Life Settlement Provide Financial Relief

Bob faced rising and burdensome life insurance policy premiums totaling nearly 10% of the death benefit each year. After carefully evaluating his budget, he determined that the policy was no longer affordable and considered accepting the less than $600 remaining in cash surrender value. Bob and his wife discussed the policy and the possibility of a sale. They sent it to their agent/friend who previously worked with Welcome Funds to explore the life settlement option. At the conclusion of the process, Bob received over $31,000 more than he would have been paid from the life insurance company. The life settlement proceeds provided much-needed comfort and relief during a financially stressful time.

Bob faced rising and burdensome life insurance policy premiums totaling nearly 10% of the death benefit each year. After carefully evaluating his budget, he determined that the policy was no longer affordable and considered accepting the less than $600 remaining in cash surrender value. Bob and his wife discussed the policy and the possibility of a sale. They sent it to their agent/friend who previously worked with Welcome Funds to explore the life settlement option.

At the conclusion of the process, Bob received over $31,000 more than he would have been paid from the life insurance company. The life settlement proceeds provided much needed comfort and relief during a financially stressful time.

Policy's Insured

Male | Age 91

Health Status

Poor

Policy Type

Universal Life Insurance Policy

Face Amount

$135,000

Annual Premium

$9,798

Surrender Value

$566

Life Settlement Payout.... $32,000


Sell Your Life Insurance Here





Recent Blogs

Selling Your Life Insurance Policy

Advisor Tips for Rebalancing Retirement Portfolios

Posted: October 10, 2024 by John Welcom

Help your retired clients navigate market fluctuations and secure their financial future with a comprehensive rebalancing strategy that includes the potential benefits of life settlements.

Secure Your Retirement with Life Settlements

Thinking Beyond Dividends for Retirement Income

Posted: October 07, 2024 by John Welcom

Life Settlements vs. Dividends: Explore the pros and cons of each retirement income strategy and discover a new way to maximize your financial security. See how life settlements can provide an alternative source of income, offering unique advantages ...

Life Settlement Payout Exceeds Surrender Value

Life Settlement Payout Exceeds Surrender Value

Posted: September 02, 2024 by John Welcom

After investing over $600,000 in life insurance payments, Ann and her family faced a difficult choice: surrender the policy for a fraction of its worth or continue paying costly premiums. Thankfully, their financial advisor was familiar with Welcome ...




Sell Your Life Insurance policy Sell Your Life Insurance policy