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People Matter

Case Studies

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$65,000 Secured For 81 Year Old Man

An 81 year old male owned a universal life policy with a face amount of $500,000. Originally purchased for estate preservation, the policy owner could no longer afford premium payments on the policy. Rather than allowing the policy to lapse, his advisor suggested a policy valuation. What Matters For Life secured an offer for $65,000 which he used as retirement income.

$225,000 Secured For 78 Year Old Man

The 78 year old policy owner and his spouse originally purchased a $2 million survivorship universal life policy 14 years prior for estate preservation. When his spouse passed away he no longer needed the coverage and could not afford premium payments. Rather than allowing the policy to lapse his advisor suggested a policy valuation. What Matters For Life secured a life settlement which paid $225,000 and could be used any way the client choose.

$950,000 Secured For 83 Year Old Women

A businesswoman , 83 years old, purchased three policies with a total face value of $5 million for estate planning purposes. Her premiums were increasing and she recognized that none of the reasons she had purchased the policy still existed. The company had been passed to her son, all her children were financially secure and her grandchildren all had trust funds for college education costs. She called her agent and asked what her options were. He suggested a policy valuation. What Matters For Life secured an offer for her to be paid $950,000.

These policies all could have lapsed and the policy owners would have received nothing. What Matters For Life secured $65,000, $225,000 and $950,000 for these clients.

 

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