Case Examples - Attorney Saves Trust

The sales price of a life insurance policy will vary depending on the institutional buyer, health history and other variables that may be present at the time of sale.

Case Examples : Attorney Saves Trust

Since no two transactions are ever identical, individual results may vary.

Replacement insurance premiums will vary depending on the insurance company selected and health history of the client.

For an indepth evaluation of a policy, contact one of our financial experts at 5th Avenue Financial.

A 65 year old male with significant health issues suffers a second heart attack.
His trust held two $5,000,000 fifteen-year level term policies.
Several months prior, an insurance agent convinced him to convert one of the policies to a universal life policy, creating a much higher premium.
In fact, the combined total premiums exceeded the maximum allowable annual gifting.
The client retained a competent estate planning attorney familiar with Life Settlements.

Benefits from Life Settlement
Through the use of a Life Settlement process, the term policy was sold for enough cash to "pay up" the newly converted universal life policy. Maximum allowable gifts were no longer an issue, nor were ongoing premium payments.

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