Life Settlement Agent Success Story

Dear Team Levinson,

We have been helping this client that bought life insurance years ago from an agent that is now deceased. The 77-year-old client bought a $2mm death benefit policy from a company that has continued to increase the COI’s on the closed block of business. Over the years, premiums have had to increase to maintain coverage. The client is wary of the increases and no longer needs the coverage suggesting to cash the policy in for the $224,000 of cash value. I recommended that we look at the possibility of selling the policy before we do that. After explaining that life insurance is the property he owns and that he can sell, we have to see what it may be worth.

Three weeks later after our team reviewed his medical records, we were able to offer $525,000 for the purchase of the policy. The client was excited that he would be receiving $300,000 more than if he had surrendered the policy to the insurance company.

This transaction complies with the definition of being the client fiduciary. In addition, the revenue on the case was $50,000 to me!

Thank you for all that you do!

-Valued Agent