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Client: Male, 69 years old
Policy: 10 year, $9 million term policy
Situation: Client’s premium was about to increase and they no longer wished to fund the policy at the increased cost, so he was going to let it lapse by default.
Solution: Life Settlement Expert advised the client to have their contract appraised in the secondary market and were able to effectively negotiate an amount of $1,360,000 through the life settlement process. Continue