Senior Settlement
Case Study #2
"Eliminate Premium Payments"

Case Profile:

Male age 73, with reasonable health history. Client maintained a life insurance policy for estate planning purposes. Recent changes in his personal finances prompted him to investigate strategies that would reduce his annual premium outlay.

Before Settlement:

    

Death Benefit

    

$1,000,000

    

Premium

    

$30,000 annually

    

Surrender Value

    

$55,000

    

Policy Date

    

5 years old

After Settlement:

    

Death Benefit

    

$1,000,000 (new policy issued since old policy was sold)

    

Premium

    

$0 annually (reduced to ZERO since proceeds from sale of old policy were applied toward the new policy)

    

Surrender Value

    

$128,000 (approximate CSV in first policy year)

    

Policy Date

    

2001

    

Cash Settlement

    

$200,000 (applied to new replacement policy)

Benefits From Senior Settlement:

The client was able to eliminate policy premiums by applying settlement proceeds toward the new policy.

Since no two transactions are ever identical, individual results may vary.
The purchase price of Senior Settlements will vary depending on the institutional buyer, health history of the client and other variables that may be present at the time of sale.

Replacement insurance premiums will vary depending on the insurance company selected and health history of the client.

     



 

Click to learn more

Cash Settlement

Eliminate Premium Payments

Policy Rescue

  

Click to learn more

A Revolution in higher-end life insurance

New Value in Old Policies

Trust-Owned Life Insurance Poses Hidden Risks

  

Mail:
2601 E. Thomas Road
Suite 130
Phoenix, AZ 85016

E-mail Us | Contact Form

Phone: 602.439.9969
Fax: 602.439.9972

© 2008 Unique Settlements, LLC.