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Life Insurance cash for senior life insurance

By Jim wolf

Wednesday, May 5, 2009
Senior life insurance is a hidden asset that can be sold to a life settlement funder for a significant cash profit.  Viatical Settlements. Life insurance carriers.  Most ideal for seniors over the age of 65 who have owned their insurance policy for at least 2 years when the contestability period is over.  Senior life insurance settlement is the same as a viatical settlement provided the insured has not been diagnosed with a health impairment resulting in less than a 2 year life expectancy.

Senior Life Settlement

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Case Examples

Case Example #1; Policy Type = Term; Age = 81; Sex = Female; Face Value = $3,500,000; Cash Surrender = $0; Life Settlement = $850,000

Case Example #2 - Policy Type = Universal; Age = 75; Sex = Male; Face Value = $5250,000; Cash Surrender = $21,000; Life Settlement = $72,000

Case Example #3 - Policy Type = Key-Man; Age = 72; Sex = Male
Face Value = $1,000,000; Cash Surrender = $194,000; Life Settlement = $368,000

Case Example #4; Policy Type = Term Life ; Age = 74 / impairment; Sex = Male; Face Value = $175,000; Cash Surrender = $0 ; Life Settlement = $64,000

Case Example #5 - Policy Type = Whole Life ; Age = 80; Sex = Female; Face Value = $750,000; Cash Surrender = $67,500 ; Life Settlement = $218,000