Case Summary on a 66 year old male

This client approached SBA about his desire to appraise a term life policy that he was not going to convert and was going to lapse.  We shopped the market extensively on his $2,000,000 term policy and were able to secure a high bid of over $230,000.  The client gladly accepted and used the proceeds to pay off debt.

Posted by admin | Filed Under Case Summaries, Resources 


As Seen In: Agent's Sales Journal Proud Member of the National Ethics BureauSociety of Financial Service Professionals

Life Settlement licensing requirements vary by state. In some states, life agents and other financial professionals must be licensed to source policies or receive commissions. Settlement Benefits Association is not licensed in all states. Some or all of the proceeds of a Life Settlement may be taxable under federal or state income tax laws. Advice from a professional tax advisor is recommended. This web site is not currently approved in the states of Oklahoma or Texas. This web site does not apply to variable life settlements. Receipt of proceeds may impact eligibility for government benefits and entitlements. Prior to sale, the insured should consider the continued need for coverage, impact to estate plans, availability of insurance, cost of comparable coverage or tax implications.