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Life Insurance Contract Terms Eliminates Options

Whenever we purchase goods or services, they generally come with standard terms and conditions, which will include responsibilities of the seller and the buyer.  This will also typically include warranty information and a description of the circumstances in which you can return and get reimbursed for the goods and services you purchased. Similarly, contracts for […]


The Background A 90 year old female had a $3,000,000 insurance policy Business Tagline with Mass Mutual. The annual insurance premiums were$96,000. The cash surrender value was only $80,000. The Problem or Challenge The insured had too much life insurance for her needs. She also had a $5,000,000 policy for a combined $8,000,000 in coverage. The […]

Effect of Power of Attorney

A prospect’s son called me last week, informing me that he was his father’s Power of Attorney.  He told me that he had responsibility for his father’s financial affairs, and it was important that I was aware of that.  The implication was that I was wasting my time talking with his father because he controlled […]

A Sad Story…..

In January, I was calling leads that were interested in learning more about life insurance settlements.  Many seniors don’t know that they can sell their existing life insurance policy(ies) for cash now and no longer be required to make future premium payments on the policy(ies). A 77-year old male from Arizona, with $3 million in […]

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.