Case Summaries

Recent Life Settlement Case Summary

This client had two life insurance policies, totaling $750,000 of universal life.  He decided to have both policies shopped on the secondary marketplace, which we did for him.  This client is 70 years old with health issues.  His estate no longer needed the coverage. After several weeks of generating competitive bids, we were able to secure a high offer [...]

Recent Life Settlement Case Summary2016-10-20T09:14:14-04:00

Life Settlement Case Summary

A 75 year old male with a $200,000 term policy past its conversion period came to Settlement Benefits Association for a Life Settlement appraisal.  The client's premiums were going to triple in three years and he needed to sell the policy. Settlement Benefits was able to shop the entire institutional marketplace and find a provider [...]

Life Settlement Case Summary2016-10-20T09:14:15-04:00

Life Settlement Case Summary

A 65 year old male in relatively good health presented a combined $1.3M in total insurance through his Certified Financial Planner.  The coverage was no longer needed since his wife had recently passed away.  The insured, who was also the policy owner, wanted a way to fund his grandchildren's college fund despite his limited liquidity.  As [...]

Life Settlement Case Summary2016-10-20T09:14:16-04:00

Case Summary on an 79 year old male

This client had several term policies with a combined death benefit of $900,000.  Premiums were 2.5% to maturity and he needed a better product to suit his estate.  He accepted an offer of $219,000 and used the money to purchase a long term care plan.

Case Summary on an 79 year old male2016-10-20T09:14:16-04:00

Case Summary on a 61 year old male

SBA was given an opportunity to work with a 61 year old client who had significant health issues.  His policy was in jeopardy of lapsing and his financial planner determined that his life policy was no longer needed.  After an initial offer of $18,000, were able to secure bids from three separate licensed providers, and push the final offer [...]

Case Summary on a 61 year old male2016-10-20T09:14:16-04:00

Case Summary on a 82 year old female

The planned giving professional at an assisted living facility contacted us regarding this case.  He had a client who could no longer afford the care of his facility.  She had previously donated her own life insurancy policy to the facility, with the promise to continue making premium payments, which she also could no longer afford.  Seeking creative solutions [...]

Case Summary on a 82 year old female2016-10-20T09:14:16-04:00

Case Summary on a 71 year old male

This client approached us about conducting a policy evaluation on his $200,000 universal life policy.  With his premiums of a little over $12,000 annually and no surrender value left in the policy, he no longer wanted to maintain the coverage.  Although it is more difficult to gather bids on smaller face values, we were able [...]

Case Summary on a 71 year old male2016-10-20T09:14:16-04:00

Case Summary on a 66 year old male

This client approached SBA about his desire to appraise a term life policy that he was not going to convert and was going to lapse.  We shopped the market extensively on his $2,000,000 term policy and were able to secure a high bid of over $230,000.  The client gladly accepted and used the proceeds to pay off [...]

Case Summary on a 66 year old male2016-10-20T09:14:17-04:00

Case Summary on a 78 year old female

This case, brought to us by the original writing agent on the insurance policy, was part of an estate that no longer needed this additional $750,000 worth of insurance protection.  The annual premiums were approximately $19,000.  The client accepted an $110,000 offer, which represented almost 6 times the $19,000 cash value of the policy.  The proceeds were [...]

Case Summary on a 78 year old female2016-10-20T09:14:17-04:00

Case Summary on a 84 year old male and 81 year old female

These clients anticipated changing needs in their estate plan.  They asked us to evaluate part of their insurance portfolio.  After careful consideration, they decided to settle a $2,000,000 joint survivorship universal policy and a $1,000,000 joint survivorship universal policy.    The high bids they accepted were $572,580 (16 times cash value) and $260,000 (13 times cash value) respectively.

Case Summary on a 84 year old male and 81 year old female2016-10-20T09:14:18-04:00