Recent Life Settlement Case Summary

May 23, 2008 | By WebFX

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 of $222,838 representing almost 18 times the cash in the policies.  The agent presented this to the estate, and they agreed that taking this offer would be the best course of action. 

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