(800) 644-8515 is a crucial number to call when making financial decisions regarding your life insurance policy or understanding the life settlement process.
Case Studies
Thank you Rob!
Client Situation
A 73-year-old former investment professional who worked near the World Trade Center on September 11, 2001 was managing two life insurance policies while facing serious health challenges related to toxic dust exposure.
Challenge
Due to worsening respiratory and heart conditions, his life expectancy was significantly reduced, and the cash value funding the policy premiums was rapidly depleting, putting both policies at risk of lapsing.
Our Approach
Old Goat Consultants reviewed both universal life insurance policies, ownership history, medical records, and life expectancy reports to assess the most appropriate financial strategy. We structured a Life Settlement solution that allowed the policy owner to access substantial policy value while eliminating future premium obligations.
Outcome
The Life Settlement resulted in more than $600,000 in cash proceeds. These funds provided flexibility for healthcare expenses, family travel, and education support for grandchildren.
Client Perspective
“While this did not change my health situation, it gave me peace of mind knowing I could use these funds now for my family and for the things that matter most to us.”
Highly Recommend!
Client Situation
An 82-year-old life insurance policy owner wanted to help his granddaughter pay for graduate school while avoiding financial strain on his own retirement assets.
Challenge
The life insurance policy’s cash value was nearly depleted and would only cover premium payments for less than two years, after which the policy would lapse unless the insured began paying $15,000 annually out of pocket.
Our Approach
Old Goat Consultants reviewed the life insurance policy, medical underwriting, and the family’s financial goals. After evaluating alternatives such as retirement account withdrawals and home equity loans, we structured a Life Settlement strategy that allowed the family to access the policy’s value now while eliminating future premium obligations.
Outcome
The Life Settlement resulted in $125,000 in proceeds, which were used to help fund the granddaughter’s law school education and significantly reduce the need for student loans.
Client Perspective
“This solution made it possible for us to support our granddaughter’s education without putting her future or our retirement at risk. It felt good knowing the policy could help her pursue her dream of becoming a lawyer.”
Can't Thank OGC Enough!
Client Situation
An 83-year-old retired life insurance agent was caring for his wife, who was living with advanced Alzheimer’s disease. He wanted to keep her at home for as long as possible before transitioning to full-time facility care.
Challenge
The cost of long-term in-home care was significant, and one of the couple’s life insurance policies carried high annual premiums with minimal cash value.
Our Approach
Old Goat Consultants reviewed the client’s portfolio of life insurance policies, medical records, and life expectancy reports to determine the most appropriate strategy. After evaluating a $2 million universal life policy with high premium requirements, we structured a Life Settlement that aligned with the client’s caregiving goals and long-term care needs.
Outcome
The Life Settlement provided $360,000 in proceeds, which were not subject to taxation due to the client’s cost basis exceeding the settlement amount. These funds enabled the family to cover extended in-home care costs and plan for future nursing home care when needed.
Client Perspective
“This solution allowed me to focus on caring for my wife without worrying about how I would afford the help she needs. Knowing we have a plan in place has given me peace of mind during an incredibly difficult time.”
So Helpful!
Client Situation
A 92-year-old mother owned a $1 million universal life insurance policy and wanted to help support her son, a 64-year-old physician living with ALS, who required additional in-home nursing care not fully covered by insurance.
Challenge
The family needed immediate financial support for ongoing care, and the policy owner was considering surrendering the life insurance policy for its $65,000 cash surrender value.
Our Approach
Old Goat Consultants reviewed the policy, the insured’s health profile, and the family’s financial needs. We evaluated the surrender option and guided the client through a Life Settlement strategy designed to unlock greater policy value while meeting the family’s urgent care requirements.
Outcome
Through the Life Settlement process, the client received $180,000 in proceeds, nearly three times the policy’s cash surrender value. These funds were used to help cover in-home nursing care and related expenses.
Client Perspective
“Knowing the policy could provide real support for my son and his family during such a difficult time meant everything to us. We are grateful to have had the guidance to make the right decision.”