Life Settlement Provide Financial Relief

Posted: August 21, 2024 by John Welcom

Life Settlement Provide Financial Relief

Bob faced rising and burdensome life insurance policy premiums totaling nearly 10% of the death benefit each year. After carefully evaluating his budget, he determined that the policy was no longer affordable and considered accepting the less than $600 remaining in cash surrender value. Bob and his wife discussed the policy and the possibility of a sale. They sent it to their agent/friend who previously worked with Welcome Funds to explore the life settlement option. At the conclusion of the process, Bob received over $31,000 more than he would have been paid from the life insurance company. The life settlement proceeds provided much-needed comfort and relief during a financially stressful time.

Bob faced rising and burdensome life insurance policy premiums totaling nearly 10% of the death benefit each year. After carefully evaluating his budget, he determined that the policy was no longer affordable and considered accepting the less than $600 remaining in cash surrender value. Bob and his wife discussed the policy and the possibility of a sale. They sent it to their agent/friend who previously worked with Welcome Funds to explore the life settlement option.

At the conclusion of the process, Bob received over $31,000 more than he would have been paid from the life insurance company. The life settlement proceeds provided much needed comfort and relief during a financially stressful time.

Policy's Insured

Male | Age 91

Health Status

Poor

Policy Type

Universal Life Insurance Policy

Face Amount

$135,000

Annual Premium

$9,798

Surrender Value

$566

Life Settlement Payout.... $32,000


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