| Agent
commission $175,000 |
|
•
Joint Survivorship
|
•
Age 77 years
|
|
•
Face amount $5 million
|
•
Cash value $8,000
|
|
•
Settlement amount $1,125,000
|
•
Client interested in a long term care product
|
| Agent
commission $100,000 |
|
•
Universal Life
|
•
Age 71 years
|
|
•
Face amount $4 million
|
•
Surrender value $200,000
|
|
•
Settlement amount $580,000
|
•
Client invested in a stock portfolio through the agent
|
| Agent
commission $34,000 |
|
•
Term Life
|
•
Age 72 years
|
|
•
Face amount $850,000
|
•
Insured purchased an annuity with the proceeds
|
|
•
Settlement amount $110,500
|
Typical
Life Settlement "Candidates"
•
Change in estate size
• Change in health condition
• Divorce/Bankruptcy/Retirement
• The need to exchange high annual premiums for monthly income
• Premiums no longer affordable
• Selling a business
• Surrendering a policy or one in danger of lapsing
• Change in tax laws
• Need funds for alternative investments
• A family trust has eliminated the need for life coverage
_____________________________________________________
|
