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.

Most purchasers would either allow the retiring insured to take over the policies or lapse them once the transaction was complete. It came to mind that he had heard a speaker at a recent CFO conference talking about Life Settlements. He decided to do some research. During his research he found LifeSettlementAwareness.com on the internet. Said Ryan, “They arranged for an Insurance Professional in my area to meet with me at my office. He was extremely knowledgeable and not only provided me with an in depth explanation of how a Life Settlement transaction works but also gave me some insight on possible application of the proceeds of the transaction.

He also shared with me how Life Settlements can be used as a powerful business and personal financial planning tool. Something my old insurance man had never done. He confirmed the fact that, instead of lapsing or surrendering the term policies, they could quite possibly be sold for a significant amount of cash to a third party. My company was fortunate to have found LifeSettlementAwareness.com. Through their network of Master Brokers, we were able to obtain multiple offers and get top dollar for the policies. The money we could have lost by terminating the term policies was phenomenal. In the process, we also found out that other Universal Life policies on certain key men who were nearing retirement could be sold as well. My being aware of Life Settlements when the seller was not made a nearly $2,000,000 positive economic impact on my company. Needless to say, my CEO is pretty happy.”

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