Case Studies CASE STUDY - Example One

Female age 79. Universal Life. Face Amount: $7,000,000.Cash Value: $17,000. Offer: $1,200,000. Reason for Sale: Insured could no longer afford the annual premium of $250,000. She sold her policy and used the settlement amount in a new $7,000,000 policy. Premiums for the new policy were reduced to $119,000.

CASE STUDY - Example Two

Male age 70. Universal Life. Face Amount: $3,900,000. Cash Value: $185,000. Offer: $740,000. Reason for Sale: The client decided he no longer needed the policy.

CASE STUDY - Example Three

Male age 73. Convertible Term. Face Amount: $5,000,000. Cash Value: $0. Offer: $547,000. Reason for Sale: The insured owned a convertible term policy and wanted to continue the same coverage in a permanent policy but those premiums were unaffordable. The insured sold his existing term policy, which had no cash value, for $547,000. He then purchased a new $5,000,000 permanent policy using the proceeds of the settlement.

CASE STUDY - Example Four

Male age 66. Universal Life. Face Amount: $15,000,000. Cash Value: $900,000. Offer: $2,000,000. Reason for Sale: The CEO of a Fortune 500 company was retiring due to declining health. Insurance was no longer needed.