Case Examples

Case Examples

Example 1) Male age 75

The owner could no longer afford to pay the premiums for his policy.

  • Face amount: $200,000
  • Policy Type: Universal Life
  • Annual Premium: $9,573
  • Cash Surrender Value: $4,961
  • Life Settlement amount: $53,000

Example 2) Male age 75

The owner of this Term Life policy no longer wanted to keep his insurance and was interested making a charitable donation. IMS Settlements was able to sell his policy which allowed our client to make the desired charitable donation.

  • Face amount: $1,500,000
  • Policy Type: Convertible Term
  • Conversion Premium: $87,750
  • Cash Surrender Value: $0.00
  • Life Settlement amount: $362,000

Example 3) Male & Female age 72

The owners of this policy had this life insurance policy in place to cover an estate tax liability. It was determined by the owners and their advisors that this policy was no longer needed due to changes in estate tax law and changes to the size of their estate.

  • Face amount: $2,000,000
  • Policy Type: Joint Survivor Life
  • Annual Premium: $47,700
  • Cash Surrender Value: $15,500
  • Life Settlement amount: $245,000

Example 4) Female age 82

The owner of this policy sold her old Universal Life Policy and obtained a new, more cost efficient policy, thereby saving her over $5,000.00 a year in premium.

  • Face amount: $1,000,000
  • Policy Type: Universal Life
  • Annual Premium: $47,700
  • Cash Surrender Value: $0.00
  • Life Settlement amount: $225,000

Case Examples

The sale of a life insurance policy has become an increasingly popular way for retirees to get a fair market price for their life insurance policy that is much greater than the cash surrender value available from the policy issuer. A senior life settlement can be done for various reasons, such as the inability to afford premiums, changes in tax law or high medical costs associated with a terminal illness (such settlements are known as viatical settlements). IMS Associates is one of the leading Life Settlement Companies that can help you obtain the highest price for your senior life settlement. The case examples below illustrate the benefits of working with IMS Settlements.