Case Studies

Example A:
Universal Life Policy
Gross Face Amount: $4 million
Net Cash Surrender Value: $389,648
Insured's Gender/Age: Male, 75
Client Sold Policy for: $1,220,000
This client had a highly underperforming insurance policy. After the policy was sold, a more suitable, cost-efficient policy was purchased using only a portion of the proceeds from the sale.

Example B:
Term Insurance (Conversion) Policy
Face Amount: $982,586
Net Cash Surrender Value: $0
Insured's Gender/Age: Male, 73
Client Sold Policy for: $110,000
The client, who had acquired a level term policy, had contemplated letting his coverage lapse. Instead, on the advice of his agent, he sold his policy and acquired permanent coverage with affordable premiums utilizing the proceeds from the sale of his term policy.

Example C:
Various Policies
Face Amount: $5 million
Net Cash Surrender Value: $550,000
Insureds' Genders/Ages: Male, XX; Female, XX
Client Sold Policy for: $1.1 million
A couple had $5 million in various life insurance policies, but they realized that they only needed half that amount. After selling their policies for $1.1 million, the couple bought $2.5 million worth of new insurance, funding it with $100,000 from the sale. They significantly reduced their annual premiums and put almost $1 million into an investment trust.

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