Life Finance - Case Studies
Case Study 1
A healthy seventy five year old male purchased a $10,000,000 universal life insurance policy through BSM Financial Planning, LLC. He had the premiums financed for 2 years. He decided after 2 years that he no longer needed the coverage. He sold the policy through Balsam Settlement Management, LLC for $2,100,000. After repaying the loan and fees he yielded a $1,145,000 pretax profit.
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Case Study 2
A healthy seventy seven year old female purchased a $5,000,000 universal life insurance policy through BSM Financial Planning, LLC. She had the premiums financed. After 2 years she opted to sell the policy through Balsam Settlement Management LLC. She received a cash settlement of $1,750,000 and paid off the loan and fees and netted $1,350,000 pretax profit.
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Case Study 3
A seventy three year old healthy male purchased a $4,000,000 universal life insurance policy through BSM Financial Planning LLC. He had the premiums financed for 2 years. During that time his health deteriorated substantially. He decided after 2 years to repay the loan and fees and keep the policy.
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