Age/Gender: 57/Female
Health Issue: Non-Hodgkins Lymphoma
Policy Type: Whole
Face Amount: $250,000
Annual Premium: $3,500
Cash Surrender Value: $8,325
Purchase Price: $25,000
The insured had 3 policies and needed money for a few living expenses while undergoing treatment. The prognosis was good. Emerald evaluated the policies and the owner decided to sell this policy and keep the others.
Age/Gender: 66/Male
Health Issue: Kidney Cancer
Policy Type: Universal Life
Face Amount: $50,000
Annual Premium: $1,279
Cash Surrender Value: $10,470
Purchase Price: $20,000
The insured was diagnosed with kidney cancer and needed cash to pay medical expenses and improve quality of life.
Age/Gender: 48/Male
Health Issue: Brain Cancer
Policy Type: Term
Face Amount: $2,000,000
Annual Premium: $5,537
Cash Surrender Value: $0
Purchase Price: $1,225,000
The insured’s prognosis was poor and he wanted cash for bucket list items and to pay off some debt.
Age/Gender: 43/Female
Health Issue: Colon Cancer
Policy Type: Term
Face Amount: $123,000
Annual Premium: $244
Cash Surrender Value: $0
Purchase Price: $45,000
The insured was diagnosed with colon cancer and was unable to work. The policy was sold to pay for medical treatments and living expenses.
Age/Gender: 64/Female
Health Issue: Breast Cancer
Policy Type: Term
Face Amount: $100,000
Annual Premium: $1,670
Cash Surrender Value: $0
Purchase Price: $62,000
The insured was diagnosed with metastatic breast cancer and was unable to work. She needed cash for day-to-day expenses and she wanted to live her life without financial stress.
Age/Gender: 57/Male
Health Issue: Multiple Myeloma
Policy Type: Whole
Face Amount: $250,000
Annual Premium: $0
Cash Surrender Value: $22,400
Purchase Price: $108,000
This policy had a Waiver of Premium rider and the insured had an uncertain prognosis.
Age/Gender: 74/Male
Health Issue: Senior with Health Issues
Policy Type: Universal Life
Face Amount: $300,000
Annual Premium: $9,188
Cash Surrender Value: $17,550
Purchase Price: $40,000
The insured was 74-years-old with a variety of health concerns including heart issues and diabetes. His children were grown and he no longer needed the policy.
Age/Gender: 53/Male
Health Issue: Head and Neck Cancer
Policy Type: Term
Face Amount: $750,000
Annual Premium: $677
Cash Surrender Value: $0
Purchase Price: $300,000
The insured had a rare cancer with varied prognoses and wanted to afford alternative treatment options. The premiums were very low given the face value of the policy.
Age/Gender: 41/Male
Health Issue: Colon Cancer
Policy Type: Term
Face Amount: $500,000
Annual Premium: $535
Cash Surrender Value: $0
Purchase Price: $300,000
This young man had both an individual policy and a group policy. He wanted cash to pay off his house to ensure that his family would be taken care of after his passing.