Case Study# 1: 79-year-old male
- Policy Face Value: $4M
- Annual Premium: $205,875
- Client Offer: $320,000
- Policy Type: UL
- Cash Value: $14,668
Summary: This was a corporate-owned policy, which limited the number of funders who were willing to bid on it for appraisal purposes. We aggressively shopped the policy, while the agent was actively shipping the case to several direct funding sources. We secured a life insurance appraisal and the client was pleasantly surprised.
Case Study #2: 88-year-old female
- Policy Face Value: $1M
- Annual Premium: $86,683
- Client Offer: $120,000
- Policy Type: UL
- Cash Value: $2,343
Summary: The client could no longer afford the premiums. She needed to sell the policy or it was going to lapse. The policyholder and agent were extremely pleased to receive a settlement that was 51 times greater than the policy’s cash value.
Case Study #3: 68-year-old male
- Policy Face Value: $1M
- Annual Premium: $46,786
- Client Offer: $300,000
- Policy Type: Term Conversion
- Cash Value: $0
Summary: This was a key-man policy. After an executive retired, the owner of the company decided he no longer needed the policy, so he wanted to pursue a settlement. He was happy to be able to recoup some of the premiums that he had paid into the policy over the years.
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
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