Life Settlements

Madison Brokerage can help identify Life Settlement opportunities within an agent's, broker's or trusted advisor's existing book of business.  The secondary market provides strategies that offer valuable financial rewards for life insurance policyholders.  Madison Brokerage provides an avenue to efficiently go to market with existing policies that may be obsolete, unwanted or non-performing.  This can create an opportunity for the trusted advisor to provide unique value to his/her customer base.

Do you have clients, over the age of 65, with life insurance coverage?  Madison Brokerage offers exciting and creative ways to create value for current policies and design new coverage through the secondary life insurance market. Do not let a client's policies surrender or lapse before speaking with us.

Case Study:

• 82-year-old Male
• $750,000 ILIT owned UL policy
• Increasing premium
• Preferred non-smoker
• $0 cash surrender value
• $473,500 Net offer to client

ILIT owned a $750,000 Universal Life policy insuring an 82-year-old male.  The insured had a change in health since the policy was issued  14 years earlier.  The premiums were increasing $10,000 a year from its  $73,000 level premium.  The insured was no longer willing to gift the premium to maintain the death benefit.  The contract had no cash surrender value.  The agent consulted Madison Brokerage to discuss how best to protect the interest of the insured.  After research and analysis, Madison Brokerage recommended a life settlement and was able to obtain $473,500 for the policy.  If the life insurance had not been evaluated for its settlement potential, the agent would have lost the hidden asset value and been negligent in his fiduciary obligations.