Agent: David Eric Haupt - Decision Guide

DECISION GUIDE

Peace of Mind for You & Your Loved Ones

Getting older should mean spending more time with your children and grandchildren, reminiscing about a life well-lived, and making new memories together.

But the rising costs of healthcare and assisted living are creating concerns for many families.

Instead of spending your days laughing and enjoying life, you’re forced to make that could affect the financial well being of your family for generations.

Should you take out loans to cover your medical expenses?
Or stop paying life insurance premiums, so you can use that money toward assisted living costs?

Before you take any action, it’s important to be informed about your options. Otherwise, you risk losing valuable assets that could be the answer to your biggest problems.

DID YOU KNOW?
Many life insurance policies can be sold in a regulated secondary market — called the life settlement industry — with payouts to policyholders worth tens of thousands to hundreds of thousands of dollars.

Case Study: How John Secured $415,000 for His Mother’s Care

When John contacted his financial advisor, he was in a difficult position. His 92-year-old widowed mother had resided for many years in a lovely community in Florida, but they recently decided that she would have to move to a nursing home in order to receive the care she needed.

John and his children lived in New York, and worried that they would not be able to pay for her to move to a nearby assisted living facility in order to be close to family.

In addition to the costs of the move and long-term care expenses, John’s family also faced rising premiums on their mother’s $3,000,000 life insurance policy, which was owned by the family trust.

They were considering letting the policy lapse completely, but John’s advisor knew there was another option. He contacted Welcome Funds, who reviewed the policy and determined that it could have a significant fair market value in the life settlement market.

Shortly thereafter, Welcome Funds was able to secure $415,000 for the family (versus the $0 they would have received by letting the policy lapse due to non-payment of the premium due).

Using the proceeds of the sale, John was able to move his mother into a New York nursing home, and had funds remaining to ensure that her long-term care was paid in the future.

Lapsing Your Life Insurance Policy Could Cost Your
Family Hundreds of Thousands of Dollars …

Average life insurance payout if a life insurance policy lapses:

$0

Average life settlement value paid to seller:

$285,477 *

Life Doesn’t Always Go As Planned …

Many individuals purchase life insurance policies in hopes of ensuring financial security for their loved ones. However, most beneficiaries never actually receive the benefits as planned. In fact, according to the Life Insurance Settlement Association (”The Basics of Life Settlements, An Educational Guide for Consumers”),

"An estimated 90% of all life insurance policies issued lapse before paying a claim."

Life Settlements = Life Savers

When you choose the life settlement option, it eliminates your monthly life insurance premium, and the full amount of the sale is available for your family to use toward other expenses, such as:

Assisted living costs
Cancer treatment or other medical expenses
General healthcare bills
Debt reduction
Enjoying retirement free from financial stress

Life Settlements vs. Other Financing Options

NO RESTRICTIONS on use of life settlement proceeds
NO RE-PAYMENT A life settlement is NOT a loan
NO UPFRONT FEES, credit score check or income requirements
NO OBLIGATION to accept a purchase offer for your policy

Important Questions to Consider:

Are you considering lapsing or surrendering a life insurance policy?
Have the annual life insurance premiums become a financial burden?
Has the policy owner’s financial situation changed since taking out the policy?
Has the insured’s health declined since taking out the life insurance policy?
Are medical expenses, insurance deductibles or living expenses causing a financial strain?
Would a lump sum payout from a life settlement relieve financial stress?

If you answered “Yes” to any of these questions, a life settlement may be a valuable financial option for your family. And remember, there are no obligations or out of pockets fees to find out if you qualify for a life settlement.

Disclaimer: Welcome Fund, Inc., services may not be available in all states, and such services, where available, shall be transacted by Welcome Funds Inc or by a principal of Welcome Funds Inc. Please be advised that some state regulations use the term “viatical settlement” as opposed to “life settlement” to describe all transactions, regardless of the health of the insured, involving the sale of an existing life insurance policy to a third party. All real stories, case studies, and transactional data provided and contained on this website are based on the internal files of actual viatical and/or life settlement transactions processed by Welcome Funds Inc since its inception, and the specific characteristics of each case, including but not limited to the names and images of our clients, have been changed to protect their privacy. The following summary represents the transactional averages of Welcome Funds Inc. for policies closed between 1/1/2024 to 6/30/2024: $1,597,955 face value, $285,477 net amount paid to seller; 20.01% of net death benefit paid to seller; 9 bids negotiated per closed policy; and insured age of 75.97. 21 licensed Life Settlement Providers were included in our auction process and closings were completed with 12 licensed Life Settlement Providers. $1 Billion paid to our clients and 36,000 offers negotiated are based on actual settlements negotiated by Welcome Funds Inc. since its inception.

Agent: David Eric Haupt

Resident
South Dakota #40596939

Non-Resident
California #0B55640

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