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

February 2011 Life Settlement Case Study

Life Settlement Case Study# 1:

77-year-old male

Life Insurance Policy Face Value: $5M
Life Insurance Annual Premium: $214,500
Life Setlement Offer: $800,000
Life Insurance Policy Type: Universal Life Insurance
Life Insurance Cash Value: $0

Life Settlement Solution: The client had taken out a life insurance policy years ago in order to cover the taxes on his estate. His estate no longer required life insurance coverage for tax planning purposes and his life insurance policy had no cash surrender value. He did not want to lose all the money he had paid in premiums over the years, so he decided to pursue a life settlement. We were able to secure a life settlement appraisal that netted the client $800,000.

Life Settlement Case Study #2:

88-year-old male

Life Insurance Policy Face Value: $1M
Life Insurance Annual Premium: $81,500
Life Settlement Offer: $180,000
Life Insurance Policy Type: Universal Life Insurance
Life Insurance Cash Value: $10,786

Life Settlement Solution: This case involved an 88-year-old male in declining health whom needed money for medical treatment. His agent suggested that he explore a life settlement to see if he could get more out of the policy than just the cash value. Thanks to his agent’s advice, he walked away with a life settlement that was more than 16 times his policy’s cash value, greatly easing the burden of paying for his medical treatment.

Life Settlement Case Study #3:

74-year old male

Life Insurance Policy Face Value: $3.75M
Life Insurance Annual Premium: $136,304
Life Settlement Offer: $610,000
Life Insurance Policy Type: UL
Life Insurance Cash Value: $0

Life Settlement Solution: The client’s estate had decreased, and it had become very difficult for him to pay his life insurance policy premium. He needed to sell the life insurance policy or it was going to lapse. Instead of simply accepting the cash value, he decided to test the market and find out the value of his policy from a life settlement perspective. He was elated to receive a life settlement of more than half a million dollars, especially since his policy had no cash value.

*Case On File

January 2011 Life Settlement Case Study

Case Study# 1:

80-year-old female

Policy Face Value: $1.5M
Annual Premium: $36,052
Client Offer: $ 234,000
Policy Type: UL
Cash Value: $0

Summary: The client’s estate had decreased and it had become very difficult for her to pay her annual life insurance policy premium. She needed to sell the policy or it was going to lapse…and her policy had no cash value. She decided to test the market and find out the value of her policy from a settlement perspective, and was thrilled to receive an appraisal of nearly a quarter of a million dollars!

Case Study #2:

82-year-old male

Policy Face Value: $1.85M
Annual Premium: $65,100
Client Offer: $410,000
Policy Type: UL
Cash Value: $0

Summary: This client no longer needed his policy, which was originally purchased for estate tax purposes. The client was able to recoup much of the premium he had paid into the policy over the years.

Case Study #3:

87-year old male and 83-year-old female

Policy Face Value: $1.65M
Annual Premium: $59,260
Client Offer: $360,000
Policy Type: Survivorship Universal Life
Cash Value: $119,047

Summary: During a review of their estate plan/needs, the clients (a married couple) and their agent mutually determined that the SUL policy the clients had purchased years ago was no longer necessary. As this was the first life settlement transaction that the agent had ever attempted, he recommended that the client have it appraised. Even though the policy was a Florida-domiciled SUL, we were able to garner an appraised value that was more than three times the policy’s cash value, far exceeded the clients’ expectations.

*Case On File

December 2010 Life Settlement Case Study

Case Study# 1:

79-year-old male

Policy Face Value: $4M
Annual Premium: $193,280
Client Offer: $720,000
Policy Type: UL
Cash Value: $0

Summary: The client had taken out a life insurance policy years ago in order to cover the taxes on his estate. In time, his estate no longer required insurance coverage for tax planning purposes, but his policy had no cash surrender value. He did not want to lose all the money he’d paid in premiums over the years, and decided to pursue a life settlement. The life settlement appraisal and ultimate sale netted the client $720,000, but was also able to relieve the client of an increasingly unaffordable annual life insurance premium payment of more than $193,000.

Case Study #2:

81-year-old female

Policy Face Value: $2.8M
Annual Premium: $78,694
Client Offer: $280,000
Policy Type: UL
Cash Value: $181,646

Summary: This case involved a client who was paying nearly $80,000 per year for her life insurance policy, and was looking for a way to eliminate that expense. Her financial advisor suggested that a life settlement might be a viable way for her to ease the financial burden imposed by her annual premium. She agreed, had a life insurance appraisal and settled on an offer that garnered her almost $100,000 more than the policy’s cash surrender value.

Case Study #3:

82-year-old male

Policy Face Value: $666,000
Annual Premium: $37,204
Client Offer: $128,700
Policy Type: Universal Life
Cash Value: $0

Summary: For the past few years, this client has been gifting away his estate in order to reduce his estate tax exposure. He recently realized that the life insurance policy he purchased years ago for estate planning purposes had been rendered obsolete due to his gifting. Being familiar with life settlements, he decided to secure a life settlement appraisal and test the market value of his policy. The client was able to obtain a settlement worth 19 percent of the policy’s face value. The client planned to gift the proceeds from the sale to his children.

*Case On File

November 2010 Life Settlement Case Study

Case Study# 1: 88-year-old female

Policy Face Value: $900,000
Annual Premium: $45,495
Client Offer: $195,000
Policy Type: UL
Cash Value: $2,652

Summary: The client no longer needed this policy, which was originally purchased for estate tax purposes. The client ultimately accepted an offer that was a whopping 73.5 times greater than the policy’s cash value.

Case Study #2: 78-year-old male

Policy Face Value: $1M
Annual Premium: $21,796
Client Offer: $50,000 + a retained death benefit of $400,000
Policy Type: UL
Cash Value: $174,188

Summary: The client could no longer afford to pay premiums, but it was extremely important to him that he be able to maintain a life insurance policy for his beneficiary. He decided to pursue a senior life insurance settlement to sell his current policy and use the proceeds to purchase a new one. The life settlement appraisal value allowed him to settlement with a new policy that would no longer require him to pay premiums and would also provide a $400,000 death benefit to his beneficiary. And although he was not necessarily looking for a cash settlement, the client was thrilled that the life settlement also included a $50,000 cash payment to him.

Case Study #3: 83-year-old female

Policy Face Value: $4M
Annual Premium: $263,021
Client Offer: $420,000
Policy Type: Universal Life
Cash Value: $0

Summary: This client simply did not want her policy any longer. She worked with her agent to ship the policy directly out to market, without much luck. Her agent suggested they reverse course and begin with a life settlement appraisal to see if we might have more success determining a value of the life insurance policy.

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

October 2010 Life Settlement Case Study

October 2010

Case Study# 1: 81-year-old male

Policy Face Value: $750,000
Annual Premium: $33,072
Client Offer: $253,000
Policy Type: UL
Cash Value: $73,225
Summary: The client no longer needed this policy, which was originally purchased for estate tax purposes. The life settlement appraisal was more than one-third the value of the death benefit, and more than three times the policy’s cash value.

Case Study #2: 85-year-old female

Policy Face Value: $1M
Annual Premium: $36,200
Client Offer: $160,000
Policy Type: UL
Cash Value: $39,230
Summary: The client’s estate had decreased, and it had become very difficult for her to pay her life insurance policy premium. She needed to sell the policy or it was going to lapse. Instead of simply accepting the cash value, she decided to test the market and find out the value of her policy from a life settlement perspective. She was elated to receive a value of more than three times the policy’s cash value.

Case Study #3: 83-year-old male

Policy Face Value: $1.5M
Annual Premium: $74,508
Client Offer: $305,000
Policy Type: Universal Life
Cash Value: $86,196
Summary: This case involved an 83-year-old male in declining health that no longer needed his life policy, but did need extra cash for medical treatment. His agent suggested that he explore a viatical settlement to see if she could get more out of the policy than just the cash value. Thanks to his agent’s advice, he walked away with a settlement that was more than four times his policy’s cash value, greatly easing the burden of paying for his medical treatment.

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

September 2010 Life Settlement Case Studies

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

To Learn More about

Life Settlements

1-800-747-4549

March 2011 Life Settlement Case Study

Viatical Settlement Case Study# 1:

57-year-old female

Life Settlement Example #2:

79-year-old male

Life Settlement Case Study #3:

67-year old male

February 2011 Life Settlement Case Study

Life Settlement Case Study# 1:

77-year-old male

Life Settlement Case Study #2:

88-year-old male

Life Settlement Case Study #3:

74-year old male

January 2011 Life Settlement Case Study

Case Study# 1:

80-year-old female

Case Study #2:

82-year-old male

Case Study #3:

87-year old male and 83-year-old female

December 2010 Life Settlement Case Study

Case Study# 1:

79-year-old male

Case Study #2:

81-year-old female

Case Study #3:

82-year-old male

November 2010 Life Settlement Case Study

Case Study# 1: 88-year-old female

Case Study #2: 78-year-old male

Case Study #3: 83-year-old female

October 2010 Life Settlement Case Study

September 2010 Life Settlement Case Studies

Case Study# 1: 79-year-old male

Case Study #2: 88-year-old female

Case Study #3: 68-year-old male