Life Settlement - Case Studies
Case Study 1
Policy Type: Universal Life
Insured:
Female, 77 (good health)
Face Amount: $1,000,000
Cash Surrender Value: $55,000
Balsam Settlement: $250,000
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The insured no longer needed the policy and did not want to continue to pay the premiums. The insurance company offered her $55,000 if she surrendered the policy. Through Balsam Settlement Management, LLC she received a $250,000 life settlement. This is clearly significantly more than the insurance company was willing to pay.
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Case Study 2
Policy Type: Universal Life
Insured:
Male, 75 (fair health)
Face Amount: $3,500,000
Cash Surrender Value: $239,000
Balsam Settlement: $1,450,000
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The insured still needed insurance coverage for estate planning needs. Balsam was able to sell the policy for $1,450,000 while the insurance company was only willing to pay $239,000 for the policy. The insured placed the proceeds of the settlement into a new and more suitable policy.
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Case Study 3
Policy Type: Convertible Term
Insured:
Male, 73 (good health)
Face Amount: $1,000,000
Cash Surrender Value: $ 0
Balsam Settlement: $90,000
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The insured no longer needed the coverage and rather than allow the policy to lapse and receive nothing back from the insurance company he received $90,000 dollars from a settlement through Balsam Settlement Management
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* Past performance is not a guarantee of future results. Results will vary.
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