86 Year old Female
POLICY TYPE:
Whole Life
POLICY FACE AMOUNT:
$1,000,000
CASH SURRENDER VALUE:
$372,000
SALES PROCEEDS:
$
515,000
Steve's mother owned two life insurance policies. She couldn't afford to make the required premium payments on both policies so they were taking out loans on one policy to make premium payments for both policies. Steve contacted EnTrust to help identify his options and determine if either policy would qualify for a life settlement. After further review and the fact that the family could not afford to make premium payments, EnTrust recommended to sell the more expensive policy and use those proceeds to pay off the loan on the other policy. Additionally there was enough cash left over from the life settlement to continue making the required premium payments for the remaining life of the policy they kept.
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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.