IQ - LSA on Sat, 23 Nov 2002 00:26:02 +0100 (CET)
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[Nettime-bold] When was the last time you earned $300,000 on a life sale?
Title: When was the last time you earned $300,000 on a life sale?
Client: 82 year old woman with some health complications.
Circumstance: $10,000,000.00 policy. Cash surrender value $600,000.00.
Life Settlement Solution: Client received $1,890,000.00.
Used proceeds to purchase a life policy that better suited her current needs.
Client: 79-year-old male & 77-year-old female.
Circumstance: $2,500,000 second to die policy with a $184,000
cash surrender value. The joint policy was no longer required.
Life Settlement Solution: Received $525,000. Proceeds used
to purchase a $1,500,000 permanent policy for the female.
Client: 70-year-old male with distressed health.
Circumstance: $3,000,000 policy with small cash value.
Life Settlement Solution: Received $840,000. Purchased an
annuity with the proceeds.
* The above referral fees were negotiated by the referral
agent. Your fee may vary from case to case. You can even pay your
fee directly to the policy owner.
What is a Life Settlement?
A life settlement is the sale of a
life insurance policy that gives a policy owner a cash settlement
in excess of the current cash surrender value. A life settlement
is an innovative wealth and estate planning tool that professional
advisors throughout the country are utilizing to increase their
productivity. Life Settlement transactions may be entered into for
the purpose of funding other valuable financial or insurance products.
Typical Life Settlement "Candidates":
Change in estate size
Change in health condition
The need to exchange high annual premiums for monthly income
Premiums no longer affordable
Selling a business
Surrendering a policy or one in danger of lapsing
Change in tax laws
Need funds for alternative investments
A family trust has eliminated the need for life coverage
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