Case Studies
An 87-year-old woman who had a universal life policy was considering with her family, the surrender of the policy to the life insurance carrier, until their advisor explained to them the new options available through a life settlement. Genesis procured an offer of $582,450 for the $1,756,250 life insurance policy. They were elated that they had not gone through with the surrender and had captured this extraordinary opportunity, which presented them with more than $375,000 above the cash surrender value.
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Client: |
87-year-old female |
| Policy Face Amount: |
$1,756,250 |
| Cash Surrender Offer: |
$199,868 |
| Genesis Offer: |
$582,450 |
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A 76-year-old female with a $5,000,000 life insurance policy wanted to explore the settlement opportunity for her policy. Although the policy was taken out for asset protection, it was no longer needed, as the advisor had suggested. Genesis worked with the advisor to obtain $640,000 for the client, who utilized the proceeds for a new investment.
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Client: |
76-year-old female |
| Policy Face Amount: |
$5,000,000 |
| Cash Surrender Offer: |
$0 |
| Genesis Offer: |
$640,000 |
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A 75-year-old male with a term life insurance policy taken out many years earlier was now going to allow the policy to lapse. The policy was no longer needed for the family protection it was originally intended for. Instead, he was made aware of the options available through Genesis and was delighted to receive $98,000.
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Client: |
75-year-old female |
| Policy Face Amount: |
$550,000 |
| Cash Surrender Offer: |
0 |
| Genesis Offer: |
$98,000 |
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A policy was no longer required for a 73-year-old female's estate. Rather than turn the policy into the life insurance carrier for a nominal cash surrender amount, her CPA advised a settlement through Genesis and was provided a $205,000 offer.
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Client: |
73-year-old female |
| Policy Face Amount: |
$1,000,000 |
| Cash Surrender Offer: |
$2,326 |
| Genesis Offer: |
$205,000 |
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A husband, father of 3, and grandfather of 7 had taken out a policy for asset protection many years earlier. Subsequently, the business and primary residence were sold and the client was now over-insured. Genesis procured an offer of $1,210,000 and part of the proceeds was used to start a college tuition fund for the grandchildren.
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Client: |
81-year-old female |
| Policy Face Amount: |
$5,000,000 |
| Cash Surrender Offer: |
$0 |
| Genesis Offer: |
$1,210,000 |
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