Life Settlement Testimonial
Here is a life settlement case example and testimonial.
Age of Insured: 76
Policy’s Face Value: Portfolio of $6,500,000
Sale Price: $1,993,000
Use: Sold company’s unwanted key-man insurance to fund new ventures rather than continuing to pay out-dated premiums.
Recently, James R, CFO of a mid sized national company, was doing due diligence for the acquisition of a competitor company. He found that the company being purchased owned two key man term life insurance policies on the current owner (age 76). The policies had a total face amount of $6,500,000. Typically, since the policies would no longer be needed and they were term policies with no cash value, the premiums would be a unnecessary additional expense. Read the rest of this entry »
