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Life Settlement Success Stories
Life Equity paid the policyowner $152,000 for a policy with no cash value.
Insured: 83 Year Old Female
Policy Type: Convertible Term
Face Amount: $500,000
Cash Surrender Value: $0
The policyowner was unable to continue paying $20,000 in yearly premiums. Her advisor contacted Life Equity to explore a life settlement. Life Equity paid her $152,000, which helped her reach the financial stability she needed.
Life Equity paid the policyowner $1,580,000 – over eight times the cash surrender value.
Insured: 87 Year Old Male
Policy Type: Survivorship Universal Life
Face Amount: $5,000,000
Cash Surrender Value: $183,000
After the policyowner’s wife passed, he no longer needed the coverage. The premiums were $487,000 annually and he was considering surrendering. His advisor called Life Equity and he sold his policy for $1,580,000. He used the proceeds to supplement his retirement and gift a portion to his favorite charities.
Life Equity paid the policyowner $100,000 and she retained $125,000 in death benefit.
Insured: 72 Year Old Male
Policy Type: Whole Life
Face Amount: $1,100,000
Cash Surrender Value: $0
A retired policyowner wanted to keep some coverage for his wife, but he could no longer afford the premiums. His financial advisor approached Life Equity who provided the policyowner with $100,000 in cash and a $125,000 death benefit with no future premium obligations.