Successful settlements

74 year old male

Market Leader

Policy Face Amount: $20,000,000 Total (2 $10,000,000 policies)

Cash Surrender Value: $0

Genesis Procured: $975,000

A policy owner with two policies insuring a 74 year old male was no longer able to maintain the premium payments on the policies. The general agent suggested only Genesis be used to try and procure an offer as the life expectancy seemed to indicate there was not a significant amount of arbitrage. Genesis through it’s exceptional relationships presented the owner with $975,000 for the two policies.

85 Year Old Female & 88 Year Old Male

Market Leader

Policy Face Amount: $3,000,000

Cash Surrender Value: $35,000

Genesis Procured: $425,000

A survivorship UL policy owned by a trust was going to be surrendered by the trust to the carrier for approximately $35,000. The general agent on the policy who was copied on the surrender correspondence, became aware of the surrender and contacted the trustee and insured. The insured and trustee were quite content accepting the surrender amount of $35,000 and were not very interested in exploring the life settlement option. After additional conversations and the detailed explanation as to the potential benefits of a life settlement, the insured and trustee agreed to have the policy evaluated by Genesis. Genesis procured an offer of $425,000 for the policy owner. This was more than 1200% greater than the surrender amount! Both the insured and the trustee were elated with such a stellar outcome.

91 Year Old Female

Policy Face Amount: $4,000,000

Cash Surrender Value: $0

Genesis Procured: $1,590,000

A trust owning a $4MM universal life policy insuring a 91 female no longer required the policy for estate planning needs, As assets were repositioned the policy premiums became an unneeded expense. The trustees decided to lapse the policy. Upon learning about life settlements they contacted Genesis. Genesis procured a $1,590,000 offer. The trustees were delighted with the outcome and were able to use the proceeds to benefit the trust.

77 Year Old Female

Policy Face Amount: $2,000,000

Cash Surrender Value: $0

Genesis Procured: $52,500

A $2MM policy insuring a 77 year old female was no longer needed as the policy was part of profit sharing plan. The insured and trustees were unaware of a life settlement option until their advisor brough it to their attention. Genesis procured $52,500 for the seller. Both the seller and advisor were very pleased with the outcome.

79 Year Old Female

Policy Face Amount: $500,000

Cash Surrender Value: $0

Genesis Procured: $32,500

A 79 year old female owning a life insurance policy no longer wanted to pay ongoing premiums. The owner was perfectly fine allowing the policy to lapse as the only goal was to no longer pay premium. The advisor made the owner aware of life settlements and the decision was made to have the policy evaluated by Genesis. Genesis obtained $32,500 for the policy owner.

85 year Old Female

Policy Face Amount: $5,000,000

Cash Surrender Value: $0

Genesis Procured: $259,000

A $5MM policy insuring an 85 year old female was no longer needed for estate planning purposes. Having the premium obligation removed was a welcome scenario for the owner. Once the advisor made the owner aware of life settlements, the owner was very happy to have the policy evaluated. Genesis presented the owner with $259,000 and the owner was elated with the outcome.

85 year old female

Policy Face Amount: $6,500,000

Cash Surrender Value: $0

Genesis Procured: $860,000

An 85 year old female with a $ 6,500,000 UL policy, per the family attorney, no longer needed the policy for estate planning purposes. However, this policy was proving to be a challenging case within the market. Although the Advisor tried extensively to settle the policy, a colleague suggested he call Genesis
Genesis, through its significant fund and provider relationships, presented the policy owner with $860,000, an amount that was well beyond the advisor’s and the owner’s expectations.

74 year old male

Policy Face Amount: $3,000,000 ($1,000,000 & $2,000,000)

Cash Surrender Value: $0

Genesis Procured: $256,350

A 74 year old male with two term policies had made the initial decision not to convert them to permanent insurance. The advisor, however, suggested that a life settlement opportunity be considered and the client agreed.
The advisor contacted Genesis and Genesis procured an offer to purchase the policies for $ 256,350, once they were converted. The client accepted the offer and the policies were converted and settled. Had the client adhered to his original decision not to convert the $2,000,000 and $1,000,000 policies, this unforeseen revenue would never have been possible.

86 year old female

Policy Face Amount: $500,000

Cash Surrender Value: $0

Genesis Procured: $150,000

An eighty six year old woman with a $500,000 policy no longer required the coverage provided. Her advisors asked Genesis to procure an offer for the policy within the market. Genesis secured an offer of $150,000 for the life insurance policy which had a cash surrender value of $0.

87 year old female

Policy Face Amount: $1,250,000

Cash Surrender Value: $0

Genesis Procured: $235,000

A female insured by a $1.25MM UL policy which was no longer required for estate planning. Rather than allowing the policy to lapse, the advisor recommended a life settlement be considered and the owner agreed. The advisor contacted Genesis and Genesis procured $225,000 on the UL policy for the owner!!

Successful Settlements

  • 85 year old female
    Policy Face Amount: $6,500,000 Cash Surrender Value: $0 Genesis Procured: $860,000 An 85 year old female with a $ 6,500,000 UL policy, per the family …

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