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Case Examples
The sale of a life insurance policy has become an increasingly popular way for retirees to get a fair market price for their life insurance policy that is much greater than the cash surrender value obtainable from the policy issuer. A senior life settlement can be done for many different reasons, including unaffordable premiums, changes in tax law or to pay medical costs associated with a terminal illness (such settlements are known as viatical settlements). IMS Settlements, LLC is a life settlement broker that can help you obtain the highest price for your senior life settlement. The case examples below illustrate the benefits of working with IMS Settlements.

 

Example 1) Male age 75 with a Universal Life policy
The owner could no longer afford to pay the premiums for this policy.

  • Face amount: $200,000
  • Annual Premium: $9,573
  • Cash Surrender Value: $4,961
  • Payment to Owner: $53,000
   

Example 2) Male age 75 with a Convertible Term Policy
The owner of this Term Life policy no longer wanted to keep his insurance. IMS Settlements was able to convert the Term Life policy to a permanent Universal Life plan which was sold to an institutional buyer.

  • Face amount: $1,500,000
  • Conversion Premium: $87,750
  • Cash Surrender Value: $0.00
  • Payment to Owner: $362,000
   

Example 3) Male & Female age 72 with Joint Survivor Life Policy
 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
  • Annual Premium: $47,700
  • Cash Surrender Value: $15,500
  • Life Settlement amount: $245,000
   

Example 4) Female age 82 with a Universal Life policy
 The owner of this policy solder her old Universal Life Policy and obtained a new more cost efficient policy saving her over $5,000.00 a year in premium.

  • Face amount: $1,000,000
  • Annual Premium: $51,700
  • Cash Surrender Value: $0.00
  • Life Settlement amount: $225,000