Call Your Advocate
Sample Cases
Case #1
| Insured | Male, age 67 |
| Policy | Group |
| Face Amount | $367,000 |
| Cash Value | $0 |
| Life Settlement | $218,000 |
This sixty-seven year old federal government employee was scheduled to retire within a few months when his financial advisor attended a life settlement seminar and learned about life settlements. Habersham Funding's principals advised the client to convert the policy at his retirement in order to maintain its face value (the policy would have been automatically reduced on the day of his retirement to $210,000 and eventually reduced to $78,000 (FEGLI Program Book for Federal Employees)). Through a life settlement, the client received $218,000, nearly 60% of the policy's face value.
Case #2
| Insured | Male, age 79 |
| Policy | Universal Life |
| Face Amount | $467,000 |
| Cash Value | $24,000 |
| Life Settlement | $91,963 |
This newspaper executive had a life insurance policy with a face value of $705,000. However, he had borrowed $238,000 against the policy’s value, and was unable to repay the loan and maintain the increasing premiums. Habersham Funding recommended reducing the face amount of the policy to $467,000 through partial surrender of the loan, and purchased the reconfigured policy for $91,963, more than 3.5 times the cash surrender value of the policy.
Case #3
| Insured | Male, age 74 |
| Policy | Term |
| Face Amount | $5,000,000 |
| Cash Value | $0 |
| Life Settlement | $1,010,000 |
This business owner was seeking to sell his company but did not receive any offer he considered to be sufficient. His financial advisor recommended a life settlement on the business-owned policy. The policy was sold in a life settlement transaction for $1,010,000. In combination with an offer for the business, the proceeds from the life settlement provided the business owner with the funds he needed to retire.
Case #4
| Insured | Brothers, age 73 and 77 |
| Policy | Universal Life |
| Face Amount | $1,000,000 each |
| Cash Value | $16,000 in both policies |
| Life Settlement | $540,000 for both policies |
This sixty-seven year old federal government employee was scheduled to retire within a few months when his financial advisor attended a life settlement seminar and learned about life settlements. Habersham Funding's principals advised the client to convert the policy at his retirement in order to maintain its face value (the policy would have been automatically reduced on the day of his retirement to $210,000 and eventually reduced to $78,000 (FEGLI Program Book for Federal Employees)). Through a life settlement, the client received $218,000, nearly 60% of the policy's face value.
Case #5
| Insured | Female, age 82 |
| Policy | Universal Life |
| Face Amount | $32,000,000 |
| Cash Value | $168,000 |
| Life Settlement | $3,400,000 |
This wealthy woman no longer needed the several life insurance policies totaling $32 million dollars she owned. This was an unusually complex transaction involving multiple layers of trusts and corporate ownership. With her financial and legal advisors, she evaluated a number of life settlement providers and ultimately contracted with Habersham Funding for the transactions due to its good reputation and ability to handle even the most complex transactions. Habersham ultimately purchased the policies for $3,400,000.
Examples are based on actual cases transacted by the principals or employees of Habersham Funding and are solely intended to demonstrate the potential benefits of life settlement transactions. These examples should not be used as an indicator of the purchase price Habersham Funding will pay for a specific life insurance policy.
Habersham Funding, LLC
Building 11, Piedmont Center
3495 Piedmont Road NE, Suite 910
Atlanta, GA 30305
Phone: 404-233-8275
Toll Free: 888-874-2402
Fax: 404-949-2187
Habersham Funding is a life settlement provider that does business nationally; it can buy life settlement policies in all states and most US territories (including Washington, DC) except for Alaska, Florida, and West Virginia. This site is published for some, but not all the residents of the United States. This site is not intended for use outside of the United States.
