86 year old male / 85 year old female
POLICY TYPE:
Survivor Universal Life
POLICY FACE AMOUNT:
$3,000,000
CASH SURRENDER VALUE:
$0
SALES PROCEEDS:
$
544,000
Anna's client took out a life insurance policy to plan for estate taxes over ten years ago. The family's business took a turn for the worse and they had not paid a premium since 2010. The policy was on the verge of lapsing with no surrender value. Six months prior to the policy lapsing, Anna asked the family if they wanted to explore a life settlement to potentially get something versus nothing. Anna called EnTrust Settlements to evaluate the policy. EnTrust identified the policy to be marketable and ended up receiving multiple offers, with the final high being a net offer of $544,000. Anna's client's beneficiaries were extremely happy to have been made aware of the life settlement option prior to letting the policy lapse.
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Who qualifies for a life settlement?
Insured(s) age 65 and older
Policy death benefit of $100,000 or more
Policy is more than two years old
May require change in health since policy was issued
Contact us to find out if your policy qualifies
Not all life insurance policies qualify for a life settlement. EnTrust Settlements can determine if your policy is marketable with a Preliminary Life Settlement Evaluation. Contact us today and find out if your policy qualifies at no cost.