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Premium Reduction

Premium Reduction Strategy

Life Settlements

Reducing or eliminating premiums while maintaining appropriate life insurance portfolio.

Example: Annual Premium Outlay Reduced by $38,308

Facts: $3,000,000 in life insurance coverage maintained for Federal & State Estate Taxes. Premiums were reduced from $111,795 to $73,487 annually on a more beneficial policy.

  • Objective: Reduce premiums and maintain coverage
  • Client: Male, Age 79, good health
  • Current Policy: $3,000,000 Universal Life
  • Cash Surrender Value: $225,000
  • Fair Market Value: $1,250,000 Life Settlement
  • New Policy: $3,000,000 Universal Life
  • Life Settlement: $1,250,000 applied to new policy
  • New Annual Premium: $73,487
  • Old Annual Premium: $111,795
  • New Annual Premium: $73,487
  • Annual Savings: $38,308

From our central office in suburban Philadelphia, and our branch offices, Elder Care Attorneys of Greater Philadelphia provides representation throughout Philadelphia, Trevose, Feasterville, Bensalem, Levittown, Warrington, Warminster, Richboro, Northampton, Southampton, Huntingdon Valley, Rockledge, Jenkintown, Abington, Bala Cynwyd, Lower Merion, Penn Valley, Conshohocken, Radnor, St. Davids, Villanova, King of Prussia, Norristown, Ardmore, Narberth, Broomall, Newtown, Gladwyne, Plymouth Meeting, Whitemarsh, Cheltenham, Willow Grove, Horsham, Oxford Valley, Bucks County, and Montgomery County, Pennsylvania.