Recent Life Settlement Case Summary

May 23, 2008 | By WebFX

This client had two life insurance policies, totaling $750,000 of universal life coverage. This client is 70 years old with health issues. His estate no longer needed the coverage.

He decided to see what the market value of the policies was. We provided him an appraisal and identified parties who might be interested in purchasing his policies. After several weeks of working with providers on his behalf, 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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