Example 2)
Male age 75
The owner of this Term Life policy no longer wanted to keep his insurance and was interested making a charitable donation. IMS Settlements was able to sell his policy which allowed our client to make the desired charitable donation.
- Face amount: $1,500,000
- Policy Type: Convertible Term
- Conversion Premium: $87,750
- Cash Surrender Value: $0.00
- Life Settlement amount: $362,000
|
Example 3)
Male & Female age 72
The owners of this policy had this life insurance policy in place to cover an estate tax liability. It was determined by the owners and their advisors that this policy was no longer needed due to changes in estate tax law and changes to the size of their estate.
- Face amount: $2,000,000
- Policy Type: Joint Survivor Life
- Annual Premium: $47,700
- Cash Surrender Value: $15,500
- Life Settlement amount: $245,000
|
Example 4)
Female age 82
The owner of this policy sold her old Universal Life Policy and obtained a new, more cost efficient policy, thereby saving her over $5,000.00 a year in premium.
- Face amount: $1,000,000
- Policy Type: Universal Life
- Annual Premium: $47,700
- Cash Surrender Value: $0.00
- Life Settlement amount: $225,000
|
