Archives: Settlements

A large policy held by a Trust was scheduled to be surrendered to the carrier for the listed Cash Surrender Value. The situation took a dramatic turn when a life settlement was mentioned. Synopsis: 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
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This policy holder was holding onto a potentially valuable policy. However, when the premium suddenly escalated, he found that he could no longer afford it. Here’s what happened. Synopsis: Policy Face Amount: $20,000,000  (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
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