Life Settlement: 84-Year Old Female and 75-Year Old Male

The Background

A non-profit had a portfolio of donated life insurance policies. Two of the policies in their portfolio were a $5,000,000 life insurance policy from New York Life insuring an 84 year old female. The annual premiums were $175,000 with a cash surrender value of $88,000. The second a $2,000,000 life insurance policy with AIG insuring a 75 year old male. The annual premiums were $80,000 with a cash surrender value of $23,400.

The Problem or Challenge

The non-profit donations were down considerable and they were looking to raise capital for their budget.

The Source of the Lead

Networking with a doctor who was involved with the non-profit.

The Solution

The $5,000,000 life insurance policy was sold for $800,000. The $2,000,000 life insurance policy was sold for $300,000.

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