Actual Case Summaries
Insured: Mary, 84
Policy was originally purchased for estate planning. No longer need due to higher exemptions.
Type of Policy: Universal Life
Face Value: $1,000,000
Cash Surrender Value: $43,000
Life Settlement Top Offer: $327,000
Result: Policy sold for $327,000 and Mary now can spend or give away the monies she was paying in premiums.
Insured: Tim, 83 & Liz, 81
Policy premiums were increased by the carrier causing financial stress.
Type of Policy: Second to Die
Face Value: $2,500,000
Cash Surrender Value: $.00
Life Settlement Top Offer: $680,000
Result: Policy sold for $680,000 and the monies were used to help fund their grandchildren’s college tuition.
Insured: Ray, 73
Type of Policy: Term (Convertible)
Face Value: $3,000,000
Cash Surrender Value: $.00
Life Settlement Top Offer: $315,000
Result: Policy sold for $315,000. Ray had purchased the policy while he owned a business. He had since sold the business and retired and was going to let the policy lapse before we met.
Insured: Janice, 90
Type of Policy: Universal Life
Face Value: $500,000
Cash Surrender Value: $64,000
Life Settlement Top Offer: $175,000
Result: Policy sold for $175,000. Janice’s husband had passed away reducing her income and ability to pay premiums. She was very healthy and was also afraid of outliving the policy (would have stopped at her age 100).
Testimonials
We found David by attending one of his seminars. Normally we’re a little reluctant about these kinds of things, but we were very impressed with him. It’s been seven or eight years now and we’ve never been disappointed. We realize he’s a businessman, but he still always keeps our interests at heart. A very honest, reputable, caring person.
We are so glad we found David. We were kind of floundering – not knowing what we should be doing with our insurance and estate planning. But David has us feeling very much in control now. Whenever we have a question, we can just pick up the phone and he’ll have the answer. And he always has time for us. Always.
You know, each of us can be really good at one thing – and estate planning isn’t ours. We got where we are with our own particular area of expertise. But we’re so glad we’ve got David for the financial planning end of things. Everything he has ever suggested to us has been successful, especially relative to insurance. And he doesn’t put on airs or a big show. We first met David on the recommendation of a friend about 10 years ago. And we wouldn’t hesitate to refer him to anyone else.
The reason I started talking to David was due to a recommendation from a friend. But the reason I stay with him is because of how enjoyable it is to work with him. He’s accessible. He returns calls. He’s really sensitive to my goals and desires; I don’t have to diagram it for him. David just gets it – and gets it quickly.
Personally and professionally, David’s integrity is above reproach and you can tell that just a short time after working with him. It’s just something you never have to think about with him. For the four years or so that we’ve been his clients, we have always found him to be very easy to communicate with – you can ask him all the questions you want, and he makes sure you really understand the programs he offers. Even beyond insurance investments, he has very good contacts throughout the financial advisory community.
David’s really knowledgeable about the industry, his products, and financial planning in general. He’s very thoughtful and thoroughly analyzes our needs before he brings us his recommendations. But I think we’re most comfortable working with David simply because he’s a very nice person. Low key, thoughtful, just a good man.