Case Summary on a 84 year old male and 81 year old female

April 22, 2006

These clients anticipated changing needs in their estate plan.  They asked us to evaluate part of their insurance portfolio.  After careful consideration, they decided to settle a $2,000,000 joint survivorship universal policy and a $1,000,000 joint survivorship universal policy.    The high bids they accepted were $572,580 (16 times cash value) and $260,000 (13 times cash value) respectively.

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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.