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Life Settlement: 79-Year Old Male and 81-Year Old Female

A university had a portfolio of donated life insurance policies. Two of the policies in their portfolio were a $1,000,000 life insurance policy from Prudential insuring a 79 year old male. The annual premiums were $60,000 with a cash surrender value of only $8,036. The second a $500,000 life insurance policy from West Coast Life insuring an 81 year old female. The annual premiums were $51,000 with no cash surrender value.

Life Settlement: 81-Year Old Male

An 81 year old male had a total of $15,000,000 in life in-surance from New York Life. The $10,000,000 policy had an annual premium payment of $583,000. The $5,000,000 face amount had an annual premium payment of $424,000. The combined annual premiums were $1,007,000. The combined cash surrender value on the 2 policies was only $347,000.

Life Settlement: 84-Year Old Male

An 84 year old male had three universal life policies. One policy through Protective Life and the other two with West Coast Life. The policies had face amounts of $190,000, $200,000 and $330,000. The total annual premiums on the policies were approximately $36,000. The insured was using the cash value to pay the premium. His cash surrender value on all 3 policies totaled only $21,600.

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

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.