A $4,000,000 policy with a $500,000 cash surrender value insured an age 89 male. The policy was sold for $850,000. This amount represents 21% of the death benefit and is $350,000 more than the cash surrender value.

A $5,000,000 policy with a $2,500 cash surrender value insured an age 82 female. The policy was sold for $900,000. This amount represents 18% of the death benefit and is $898,000 more than the cash surrender value.

A $1,000,000 policy with a $140,000 cash surrender value insured an age 85 male. The policy was sold for $290,000. This amount represents 29% of the death benefit and is $150,000 more than the cash surrender value.

A $1,000,000 term insurance policy with no cash surrender value insured an age 72 male. The policy was sold for $110,500. This represents 11% of the death benefit, plus an unexpected $110,500 cash payment.

*The Life Settlement amounts paid to the policy owners in excess of cash surrender value represents the economic value which, but for Life Settlement, would have been retained by insurance carriers.