A Month In The Life Of A Midwestern Family

To some, the business of selling one’s life insurance policy for a profit is a concept which has become the bane of the financial community at large and serves only to defraud the elderly and enrich the bad actors. However, for seasoned and knowledgeable financial advisors, knowing when and where to apply a life settlement can dramatically improve the finances of a family.

Ursula Goldberg’s family moved to the United States when she was just fourteen and eventually settled upon a small town of Dearborn, Michigan. Skilled in craftsmanship, her family worked their entire lives in the pursuit of fine woodworking for the houses and estates in the greater Detroit area.

Time passes quickly and Ursula found herself married and with a family, then retired, and in the care of her children. At the age of 93, she is still active and able, telling stories at family dinners and helping as she can. However, the financial toll of a long life and the recent recession was not inescapable. Her children found themselves unable to support their mother financially, much less take on her obligations.

One example obligation was her insurance policy. Implemented as part of an estate plan, a universal life insurance policy from John Hancock was issued back in August of 2003 in the amount of $150,000. Premiums were averaging around $12,000 per year. There was some difficulty in determining what to do with this policy. While it had accrued $26,000 in cash surrender value, the family was not comfortable simply discontinuing payments and letting the policy lapse in two years. Although Ursula is 93, she was still healthy and her doctors expect her to live much longer than that. With the son looking for work, the family was unable to pay that $12,000 annual premium themselves. Ursula’s lifetime of savings were similarly challenged to afford the premium obligations as they were allocated towards long term care expenses.

Ursula’s family looked into selling the insurance policy on the advice of the family advisor. Through a consultative approach, Opulen Capital reviewed the life insurance policy and through its network of more than fifty licensed buyers, was able to produce a cash offer of $77,000, or almost three times what the insurance carrier would have paid.

The following is an exact copy of the successful result. This was a huge success for the family and relieved some significant stress.

“My family and I would like to thank you for all your efforts on our behalf in making this transfer of money a realization. We can now take care of Mom a little while longer.

May the dear Lord bless you with good health and happiness all the days of your life.

God bless you.

Michael Goldberg”

Located in Manhattan Beach, California, Opulen Capital is a specialized financial services firm focusing on products and services tailored for senior citizens. Opulen Capital is one of the leading firms offering Life Settlement opportunities for high net worth clientele. We leverage unrivaled experience and exclusive relationships in the life settlement marketplace to structure, obtain, and sell life insurance products to maximize cash profits for our valued clients. Opulen Capital’s mission is to continue to provide the best solutions for our clients through the highest level of integrity and service. For more information, visit our website at http://www.OpulenCapital.com or call Opulen at 877-OPULEN-1 (877-678-5361)