Case Studies
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Over $6 million per day is going to seniors who have unneeded or unwanted life insurance policies.1
Here are the stories of just a few of the people that Golden Gateway has helped to get a life settlement.
| Policy Face Amount: | $600,000 |
| Policy Type: | Flexible Premium |
| Cash Surrender Value: | $112,143 |
| Insured Age: | 93 |
| Insured Health: | Fair |
| Net Settlement Amount: | $316,750 |
The insured's adult children were the policy owners and beneficiaries. The premiums on the policy had increased to the point that they were unaffordable, so the adult children sold the policy for over 50% of the policy face amount.
| Policy Face Amount: | $150,000 |
| Policy Type: | Flexible Premium |
| Cash Surrender Value: | $112 |
| Insured Age: | 74 |
| Insured Health: | Fair |
| Net Settlement Amount: | $18,000 |
The policy owner's children were grown and financially stable. The annual premiums were rapidly increasing, so the policy owner sold the policy and used the proceeds to pay down credit card debt.
| Policy Face Amount: | $928,526 |
| Cash Surrender Value: | $6,145 |
| Insured Age: | 54 |
| Insured Health: | Poor |
| Net Settlement Amount: | $590,000 |
The policy owner used the proceeds of the settlement to get out of personal bankruptcy and save her house.
We're seeing increased capital in the market. If you'd like Golden Gateway to appraise your policy, click here or call us at 1-800-667-3543.
