877.227.4484
Lapsing Policy VS Life Settlements
Posted: June 20, 2024 by John Welcom
Life sometimes takes unexpected turns, especially during retirement. Mary experienced such change. At 82, her life insurance policy, once a cornerstone of her estate plan, no longer fit her needs and gradually became too expensive to maintain. Her advisor suggested exploring a life settlement with Welcome Funds instead of lapsing the policy for $0.
Life sometimes takes unexpected turns, especially during retirement. Mary experienced such change. At 82, her life insurance policy, once a cornerstone of her estate plan, no longer fit her needs and gradually became too expensive to maintain. Her advisor suggested exploring a life settlement with Welcome Funds instead of lapsing the policy for $0.
Welcome Funds utilized its life settlement auction-based platform and systematically created competition, resulting in 40 bids, and a staggering amount of offers for one policy! Mary accepted the highest offer and received $400,000, which was 10x greater than the auction’s initial offer of $37,250. Welcome Funds doesn’t stop the bidding process, until there’s only 1 fund left standing, and everyone else has stated that they cannot compete with the high offer on the table. It uses its best efforts to exceed internal valuations and maximize payouts for its clients.
Recent Blogs
DOL Fiduciary Rule Compliance: Life Insurance Sales and Fair Market Value
Posted: October 28, 2024 by John Welcom
The DOL's new fiduciary rule emphasizes advisors acting in clients' best interests. Learn why exploring life settlements is crucial for maximizing the value of life insurance policies.
Advisor Tips for Rebalancing Retirement Portfolios
Posted: October 10, 2024 by John Welcom
Help your retired clients navigate market fluctuations and secure their financial future with a comprehensive rebalancing strategy that includes the potential benefits of life settlements.
Thinking Beyond Dividends for Retirement Income
Posted: October 07, 2024 by John Welcom
Life Settlements vs. Dividends: Explore the pros and cons of each retirement income strategy and discover a new way to maximize your financial security. See how life settlements can provide an alternative source of income, offering unique advantages ...
