|
$38,308 annually saved in premium
payments using this strategy.
Actual Case:
Summary: $3,000,000 in life insurance coverage maintained
for estate purposes. Premiums reduced from $111,795 to
$73,487 annually on a more beneficial policy with equivalent
coverage. (This particular example did not utilize an annuity)
| |
Objective: |
Reduce premiums, maintain
death benefit for estate purposes. |
| |
Profile: |
Male, 79, good health. |
| |
Current Coverage : |
$3,000,000 UL |
| |
Surrender Value: |
$225,000 |
| |
Fair Market Value : |
Life Insurance Valuation yielded $1,250,000 cash life settlement offer for
existing coverage. |
| |
New Coverage : |
$3,000,000 UL |
| |
Life Settlement : |
$1,250,000 Dump In to new policy |
| |
New Annual Premium : |
$73,478 annually |
| |
Client Savings of: |
$38,308 annually |
|
