Success Story

Meet Edna

Donated policy ran out of cash value to pay premiums.

Like many philanthropic individuals do, Edna donated her life insurance policy to a charitable organization she loved. At the time, the cash value was expected to carry the policy so neither party would have to make a premium payment. However, Edna lived well beyond her financial plan and the policy was running out of money. The life settlement created liquidity the charity could use for today’s needs and Edna could witness her donation put to work.

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Type of Policy:
Universal Life
Policy Face Value:
$350,000
Cash Surrender Value:
$4,500
Life Settlement Value:
$140,000
Number of Bids:
20
More Success Stories
Insured
Meet Hector, 79

Could no longer afford premiums
Received a lump sum and reallocated premiums for today’s needs.

Type of Policy:
Indexed UL
Policy Face Value:
$1,500,000
Cash Surrender Value:
$75,000
Life Settlement Value:
$450,000
Learn More
Insured
Meet Maria, 80

Client outlived all planning and premiums were due
The adult children no longer needed to fund the caregiving needs.

Type of Policy:
Guaranteed UL
Policy Face Value:
$500,000
Cash Surrender Value:
$6,000
Life Settlement Value:
$197,000
Learn More
Insured
Meet June, 84

Policy was underfunded and sitting in an ILIT
Eliminated future premium payments and used the funds for medical bills.

Type of Policy:
Survivorship UL - One Deceased
Policy Face Value:
$1,500,000
Cash Surrender Value:
$25,000
Life Settlement Value:
$475,000
Learn More
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