Case Studies
Real examples of policy owners who sold their unwanted life insurance for cash.
Case 01
$350,000
Net Gain
- Total face value
- $1 Million
- Cash / surrender value
- $0
- Received per policy
- $325,000
- Annual premiums eliminated
- $8,600
Couple Replaces Lost Income
A male, age 49, was diagnosed with a brain tumor. He had two $500,000 policies totaling $1 Million. Once his illness was diagnosed he could no longer work. In addition, he required at home care from his wife, thus creating a zero-income household. He owned a term policy, therefore, the cash value and surrender value was zero. After evaluating his options, he chose to complete a life settlement with SGI and received $325,000 for each of his policies to replace his families lost income. In addition, he eliminated premiums of $8,600 annually, which were no longer affordable under his current circumstances. His net gain was $350,000.
Case 02
$292,000
Net Gain
- Total face value
- $2 Million
- Cash surrender value
- $308K
- Settlement received
- $600,000
- Annual premiums eliminated
- $50,528
A Smart Investment
A healthy, male business owner, age 76 had three combined universal life insurance policies worth $2 Million. He made a business decision to take the fair market value for his policies and eliminate a business expense. His policies of $2M had a cash surrender value of $308K. By completing a life settlement transaction with SGI, he received $600,000 for the policies and eliminated $50,528 in annual premium payments. This is a net gain of $292,000.
Case 03
$231,000
Net Gain Over Surrender Value
- Face value
- $2 Million
- Annual premium
- $78,720
- Surrender value
- $89,000
- Settlement received
- $320,000
Reduction in Estate Eliminates Need for Life Insurance
A female, age 83 had taken out a life insurance policy to cover the taxes on her estate. In time, her estate no longer required insurance coverage for tax planning. She held a whole life policy of $2Million, with a $78,720 annual premium. Her surrender value was $89,000. Through a life settlement transaction with SGI she received $320,000 – a net gain of $231,000 over the surrender value.
See What Your Policy Could Be Worth
Every policy is different. Call a trained SGI professional for a confidential, no-obligation review of your life insurance policy, or read how a life settlement works.