Sell A Term Life Insurance Policy: See How Kevin Received $30,000 Instead of $0!

Posted: March 20, 2023 by John Welcom

Would You Rather $3,000 or $0

Kevin purchased a 10 year level term life insurance policy at age 58 to provide his family with some financial security. The expiration date was fast approaching and Kevin's medical bills were mounting. In need of some financial relief, he was contemplating canceling the term policy. Thankfully, Kevin's wife reached out to Welcome Funds to see if the policy had any life settlement value. It did. Based on Kevin’s age and health, Welcome Funds secured Kevin and his wife $30,000, which is certainly better than lapsing the policy for $0.00.

HAS YOUR TERM LIFE INSURANCE POLICY SERVED ITS PURPOSE?

Kevin purchased a 10-Year level term policy at age 58 to provide his family with some financial security. The expiration date was fast approaching and Kevin's medical bills were mounting. In need of some financial relief, Kevin was contemplating canceling the term policy. Thankfully, Kevin's wife reached out to Welcome Funds to see if the policy had any life settlement value. It did. Based on Kevin’s age and health, Welcome Funds secured Kevin and his wife $30,000, which is certainly better than lapsing the policy for $0.00 Funds. Kevin realized that anything above his surrender value would be a victory. It certainly was, in a big way.

Policy's Insured

Male | Age 66

Health Status

Poor

Policy Type

Term Life Insurance Policy

Face Amount

$100,000

Annual Premium

$5,799

Surrender Value

$0

Life Settlement Payout.... $30,000




Recent Blogs

Fiduciary Rule

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.

Selling Your Life Insurance Policy

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.

Secure Your Retirement with 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 ...




Sell Your Life Insurance policy Sell Your Life Insurance policy