Life Settlement: 69-Year Old Male

69-Year Old Male

The Background

A 69 year old male had a $3,000,000 insurance policy Business Tagline with Phoenix Mutual. The annual insurance premiums were$180,000. The cash surrender value was only $7,000.

The Problem or Challenge

The insured desired to fund the purchase of a business for his grandson. He tried and failed to borrow the needed funds.

The Source of the Lead

Met the insured’s insurance agent by networking at a continuing education class.

The Solution

The client received a purchase price of $950,000.

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