SENIOR SETTLEMENTS EXAMPLE

senior-settlements-example.jpg
FEMALE - Age 80
$5,000,000 Universal Life
  • $219,236 Annual Premium
  • $550,000+ Due At Loan Maturity

Life Insurance Settlement Amount of $985,000

An elderly lady decided not to keep her policy when her premium finance loan matured. After reading about senior settlements, she sold the policy, paid off the loan, and invested the $400,000+ profit.

Want to know what YOUR policy is worth?

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Definitions

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Monthly payment for this loan.

Interest rate
Annual interest rate for this loan. Interest is calculated monthly on the current outstanding balance of your loan at 1/12 of the annual rate.

Term in months
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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.