Life Insurance Settlement Case Studies
Here are some case histories of the life insurance settlements of our clients.
| Situation: | 75+ year old female with unaffordable premiums and overpaying for coverage |
|---|---|
| Old Policy | |
| Policy Type | Universal Life |
| Policy Value | $3,350,000 |
| Annual Premium | $50,000 |
| Mickelson Solution | Life Settlement + new policy |
| Life Settlement cash proceeds |
$556,000 (Deposited into new policy) |
| New Policy | |
| New Policy Type | Universal Life |
| Policy Value | $3,350,000 |
| Annual Premium | $36,000 |
| Results |
|
| Situation: | 70+ year old male overpaying for Life Insurance |
|---|---|
| Old Policy | |
| Policy Type | Universal Life |
| Policy Value | $2,000,000 |
| Annual Premium | $27,000 |
| Mickelson Solution | Life Settlement + new policy |
| Life Settlement Cash Proceeds |
$230,000 (Deposited into new policy) |
| New Policy | |
| Policy Type | Universal Life |
| Policy Value | $2,000,000 |
| Annual Premium | $8,000 |
| Results |
|
| Situation: | Married Couple 70+ years old and unable to afford high premiums |
|---|---|
| Old Policy | |
| Policy Type | Survivor Universal Life |
| Policy Value | $5,200,000 |
| Annual Premium | $75,000 (not guaranteed) |
| Cash Value | $585,000 (deposited into new policy) |
| Mickelson Solution | Tax free 1035 exchange |
| New Policy | |
| Policy Type | Survivor Universal Life |
| Policy Value | $5,200,000 |
| Annual Premium | $20,000 (guaranteed 18 years) |
| Results |
|
| Situation: | Married Couple 70+ years old and unable to afford high rising premiums |
|---|---|
| Old Policy | |
| Policy Type | Survivor Universal Life |
| Policy Value | $2,000,000 |
| Annual Premium | $82,000 |
| Mickelson Solution | Life Settlement + new policy |
| Life Settlement Sale Proceeds |
$229,000 (Deposited into new policy) |
| New Policy | |
| Policy Type | Survivor Universal Life |
| Policy Value | $600,000 |
| Annual Premium | $12,000 |
| Results |
|
| Situation: | 75+ year old male overpaying for coverage |
|---|---|
| Old Policy | |
| Policy Type | Universal Life |
| Policy Value | $12,500,000 |
| Annual Premium | $684,000 |
| Mickelson Solution | Life Settlement + new policy |
| Life Settlement Sale Proceeds |
$907,000 (Retained by Client) |
| New Policy | |
| Policy Type | Universal Life |
| Policy Value | $10,000,000 |
| Annual Premium | $456,000 |
| Result |
|
| Situation: | 75+ year old male paying for unwanted coverage |
|---|---|
| Old Policy | |
| Policy Type | Universal Life |
| Policy Value | $4,950,000 |
| Annual Premium | $250,000 |
| Mickelson Solution | Life Settlement Policy Sale |
| Life Settlement cash proceeds |
$1,050,000 |
| Results |
|
| Situation: | 80+ year old male overpaying for coverage |
|---|---|
| Old Policy | |
| Policy Type | Universal Life |
| Policy Value | $1,150,000 |
| Annual Premium | $95,000 |
| Mickelson Solution | Life Settlement + new policy |
| Life Settlement Sale Proceeds |
$535,000 (Deposited into new policy) |
| New Policy | |
| Policy Type | Universal Life |
| Policy Value | 1,150,000 |
| Annual Premium | $66,000 |
| Results |
|
| Situation: | 75+ year old female overpaying for coverage |
|---|---|
| Old Policy | |
| Policy Type | Universal Life |
| Policy Value | $686,000 |
| Annual Premium | $21,000 |
| Cash Value | $128,000 (deposited into new policy) |
| Mickelson Solution | Tax Free 1035 exchange |
| New Policy | |
| Policy Type | Universal Life |
| Policy Value | $686,000 |
| Annual Premium | $11,000 |
| Results |
|
| Situation: | 65+ year old male with excess unwanted Life insurance |
|---|---|
| Policy Type | Universal Life |
| Policy Value | $5,000,000 |
| Annual Premium | $160,000 |
| Mickelson Solution | Life Settlement Policy Sale |
| Life Settlement Cash Proceeds |
$131,000 |
| Results |
|
| Situation: | 70+ year old male overpaying for coverage |
|---|---|
| Old Policy | |
| Policy Type | Universal Life |
| Policy Value | $1,900,000 |
| Annual Premium | $150,000 |
| Mickelson Solution | Life Settlement + new policy |
| Life Settlement Cash Proceeds |
$600,000 |
| New Policy | |
| Policy Type | Universal Life |
| Policy Value | $1,900,000 |
| Annual Premium | $89,000 |
| Results |
|
| Situation: | Married Couple 75+ years old unable to afford premiums |
|---|---|
| Old Policy | |
| Policy Type | Universal Life |
| Policy Value | $350,000 |
| Annual Premium | $24,000 per year |
| Mickelson Solution | Life Settlement and new policy purchase |
| Life Settlement amount |
$60,000 |
| New Policy | |
| Policy Type | Universal Life |
| Policy Value | $350,000 |
| Premium | $46,000 (lump sum) + $9,600 Per year |
| Result |
|
| Situation: | Male 75+ years old overpaying for insurance |
|---|---|
| Old Policy | |
| Policy Type | Universal Life |
| Policy Value | $2,300,000 |
| Annual Premium | $32,000 |
| Mickelson Solution | Tax free 1031 exchange |
| Cash Surrender Value |
$271,000 |
| New Policy | |
| Policy Type | Universal Life |
| Policy Value | $2,500,000 |
| Premium | $271,000 (lump sum) + $23,000 per year |
| Results |
|