Life Settlements of North Florida © All Rights Reserved.

Contact us by phone:   386-365-5001

 EMAIL US:   agent@lifesettlementsofnfl.com

  

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Case Study #3:

THE BACKGROUND:


A 70 year old retired executive had a $ 1,000,000 term policy from Prudential with annual premium of was$ 26,000.


THE PROBLEM OR CHALLENGE:


The insured enjoyed a net worth of over $ 10,000,000 but was not liquid.  He had a need for liquidity.


THE SOLUTION:


The term policy was able to be converted to a universal life policy and sold as a life settlement.  The insured received a purchase price of $ 116,000.

Case Study #2:

THE BACKGROUND:


A 82 year old female had a $ 3,000,000 life insurance policy with MetLife with a cash surrender value of $ 425,000.  She no longer wanted to pay the $ 90,000 in annual premiums.


THE PROBLEM OR CHALLENGE:


She thought her only option was to cash in her insurance policy for cash surrender value.  She called her attorney to cash it in.  Instead her attorney contacted our team.


THE SOLUTION:


The client received a final offer of  $690,000.

THE BACKGROUND:


A 83 year old female had a $ 2,000,000 life insurance policy with New York Life with a cash surrender value of $ 68,000.  The annual premiums were $ 99,000.


THE PROBLEM OR CHALLENGE:


She resided in a nursing home and needed additional funds to pay for her on going long-term care.  She was going to cash in her policy for cash surrender value before being contacted by our team.


THE SOLUTION:


The client received a purchase price of $368,000.

THE BACKGROUND:


A 90 year old female had a $ 3,000,000 life insurance policy with Mass Mutual with a cash surrender value of $ 80,000.  The annual premium obligation was $ 96,000.


THE PROBLEM OR CHALLENGE:


The insured had to much life insurance for her needs.  she also had a $ 5,000,000 policy for a combined $ 8,000,000 in coverage.


THE SOLUTION:


The client received a purchase price of $ 950,00. She netted hundreds of thousands of dollars more than the cash surrender value offered by her insurance company.

Case Study #1:

A Competitive Bidding Process Is the Only Way A Seller Should Sell Their Life Insurance.


The Power of Competitive bidding