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Life Settlement Examples

Insured: 78 year old male
Face Amount: $2,000,000
Type of Policy: Universal Life
Cash Surrender Value: $0
Premiums: $116,300/yr
Seller Received: $350,000

Reason for sale: This 78 year old male was running out of cash for this policy. He had some health problems--nothing severe. He no longer wanted to pay the premiums necessary to keep it in force.

Insured: 74 year old female
Face Amount: $1,000,000
Type of Policy: Universal Life
Cash Surrender Value: $39,158
Premiums: $27,905/yr
Seller Received: $120,000


Reason for sale: This family-owned trust wanted to use the proceeds from the sale of this policy for other estate planning needs. The 74 year old female had some serious health issues.

Insured: 79 year old female
Face Amount: $433,721
Type of Policy: Universal Life
Cash Surrender Value: $38,489
Premiums: $28,206
Seller Received: $82,650

Reason for sale: This 79 year old female had some serious health issues and her premiums were becoming a burden.

Insured: 78 year old male
Face Amount: $267,721
Type of Policy: Universal Life
Cash Surrender Value: $4,386.83
Premiums: $14,000
Seller Received: $57,291

Reason for sale: This 78 year old male with serious health issues was going to lapse his policy. His beneficiaries had no need for this policy.

Insured: 85 year old male
Face Amount: $150,000
Type of Policy: Universal Life
Cash Surrender Value: $10,783
Premiums: $9,880
Seller Received: $75,000

Reason for sale: This 85 year old male had some serious health issues. He no longer had a want or a need for this policy.

Insured: 76 year old male
Face Amount: $1,000,000
Type of Policy: Universal Life
Cash Surrender Value: $0
Premiums: $54,000
Seller Received: $123,000

Reason for Sale: This 76 year old male's policy was owned by his wife. He had some health issues and they no longer needed the coverage.

Insured: 79 year old male
Face Amount: $1,000,000
Type of Policy: Universal Life
Cash Surrender Value: $101,826
Premiums: $30,640
Seller Received: $260,000

Reason for Sale: This 79 year old male had some serious health problems and wanted to have the proceeds from the sale today.

Insured: 72 year old male
Face Amount: $100,000
Type of Policy: Term
Cash Surrender Value: $0
Premiums: $5,520/year
Seller Received: $24,000

Reason for Sale: This 72 year old male had some serious health problems. He needed money for medical costs that were not covered by his insurance. He was going to lapse this policy.

Insured: 81 year old female (widow)
Face Amount: $5,000,000
Type of Policy: Joint Universal Life
Cash Surrender Value: $171,878.37
Premiums: $176,645
Seller Received: $750,000

Reason for Sale: Upon her husband's passing, this policy became an individual policy. She no longer needed this policy nor did she want to continue paying the premiums to keep it in force. She had some health issues--nothing major.

Insured: 73 year old female
Face Amount: $2,000,000
Type of Policy: Universal Life
Cash Surrender Value: $0
Premiums: $58,828
Seller Received: $260,000

Reason for Sale: This 73 year old female had a term policy that was converted to a Universal Life policy. She had some serious health concerns and the trust no longer needed the potential death benefit.

Insured: 65 year old male
Face Amount: $950,000
Type of Policy: Universal Life
Cash Surrender Value: $30,108
Premiums: $27,953
Seller Received: $220,000

Reason for sale: This 65 year old male's trust no longer wanted to pay the premiums and the insured used the proceeds for living expenses. He had some serious medical issues.


* The above life settlement cases are actual closings from 2004-2006. They are examples demonstrating the potential benefits of a life settlement for an individual or a trust. They in no way should be relied upon as indicators of future purchase prices. The environment of the life settlement market is constantly changing and every life settlement's pricing is based on an individual case and subject to underwriting and various pricing parameters.


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