TRADITIONAL LIFE SETTLEMENT
An underwritten life settlement for primarily Universal Life and Convertible Term policies. The policy’s settlement value is based on the age and prevailing health conditions of the insured, with a target age range between 70-95, and predicted life expectancy of 10 years or less. Underwriting includes review of a policy illustration, phone interview, and review of medical records. Transaction time: 60-90 days · Policy: minimum face value $100,000 · Male: minimum age 70 · Female: minimum age 70 *medical underwriting *Illustration review Policy Illustration: Level death benefit, minimum guaranteed premium to maturity or age 100+, or conversion illustration for Term policy Tax consequences: 1. Capital gain above basis in policy 2. HIPAA tax-exemption for chronic or terminal diagnosis