Viatical Settlement Case Study# 1:
57-year-old female
- Life Insurance Policy Face Value: $750,000
- Life Insurance Annual Premium: $900
- Viatical Settlement Offer: $405,000
- Life Insurance Policy Type: Universal Life Insurance
- Life Insurance Cash Value: $0
- Life Settlement Solutions: The client no longer wanted the life insurance policy she’d owned for 16 years, so her agent suggested that she explore its life settlement market value. Because of her age and poor health there were limited funders, but we were able to secure a life settlement appraisal. The client was thrilled to ultimately garner an offer that was $405,000 more than the policy’s cash value.
Life Settlement Example #2:
79-year-old male
- Life Insurance Policy Face Value: $2M
- Life Insurance Annual Premium: $131,718
- Life Settlement Offer: $130,000
- Life Insurance Policy Type: Universal Life Insurance
- Life Insurance Cash Value: $0
- Life Settlement Solutions: The client originally purchased his life insurance policy for estate tax purposes. Now that his estate has decreased, he no longer needs the estate tax life insurance policy. He decided to try to sell his policy directly, but also contacted us to see how high of a life Settlement appraisal number we would generate. The life settlement appraisal was higher than the cash offer for life insurance his agent received from his direct source, providing greater value to the client.
Life Settlement Case Study #3:
67-year old male
- Life Insurance Policy Face Value: $200,000
- Life Insurance Annual Premium: $6,159
- Viatical Life Insurance Settlement Offer: $104,000
- Life Insurance Policy Type: Term Life Insurance
- Life Insurance Cash Value: $0
- Life Settlement Solutions: This client was facing financial distress, and his agent suggested that he consider a life settlement to help him with much needed resources to help pay for living expenses. Given the face amount, there were a limited number of life settlement funders that would even consider this viatical life insurance settlement transaction, but we were able to find one and at least generate a life settlement appraisal. The eventual life insurance policy sale gave the client much needed liquidity.
If you have any specific questions about a viatical and your situation, please feel free to contact us at 1-800 RAP POLICY or 1-800-727-7654
*Case On File