Real

People

Life is unpredictable and circumstances change.

 

Sometimes an unfortunate health diagnosis creates value in a key-man term policy; sometimes a long life increases the need and desire for liquidity; and sometimes, benefactors outlive their beneficiaries.

The cases below demonstrate the validity of our approach and the meaningful benefit gain by the client--and her advisor. ​

Great

Outcomes

Diverse
Portfolio

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1908 Advisors was formed to do life settlements honorably.  It's our mission.

By their very nature, these transactions impact the lives of our oldest generation and those dealing with significant health challenges in middle-age.

The story behind every life settlement transaction is unique. And the real people behind every sale makes each case personal and important.

SF Office West

123-456-7890

info@mysite.com

500 Terry Francois Street

San Francisco, CA 94158

Secure, transparent, and efficient access to the life settlement market for all advisors held to the high standard of fiduciary care.

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Life Settlement Primer

1908 Advisors, LLC

725 North Avenue, NE

Atlanta, GA 30306

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1908 ADVISORS

Life Settlement Solutions

Upon the death of his 91 year-old client’s last child, the advisor recommended funding a long-term care policy from the sale of her universal life policy.

Three months after giving the policy to a broker, his client received a “max bid” of $270,000 (gross) => $180,000 (net)—after the broker’s 30% commission ($90,000).

The advisor was so troubled by the broker’s process and fee structure that he canceled the engagement and sought an alternative solution.

Within two weeks after being referred to 1908, we concluded an auction and presented the advisor with a high bid of $437,400—netting his client $404,595.

Policy Type
Universal Life
Face Value
$758,000
Sale Trigger
Estate Change
Cash Value
$0
Ownership
Trust
Days to Contract
15
Advisor
Wirehouse
Net vs. Alternative
2.3 X

1908 Advisors and life settlement brokers engage the same marketspace but produce very different results.  

A 61-year old male with impaired health and a term policy he planned to lapse was diagnosed with a treatable type of cancer.

 

Despite the policy owner’s relatively young age, the lead insurance executive at a $4B AUM RIA, recognized that his deteriorating health might make the policy valuable in the in the secondary market.

 

Despite the medical complexity of the case, 1908 was able to conclude the underwriting and auction process in 10 days and a signed purchase agreement in 18 days.

Policy Type
Convertible Term
Face Value
$2,000,000
Sale Trigger
Health Change
Cash Value
$0
Ownership
Trust
Days to Contract
18
Advisor
RIA - $4B AUM
Net vs. Alternative

The value of informed, advisor engagement can not be overstated.

The policy was on the verge of expiration and instead, the client realized a life-changing windfall.

A retired executive retained a key man policy after the sale of her business. A year later, a cancer diagnosis shortened her life expectancy to ~180 months.

 

Recognizing that this health change created value in the policy, she responded to a Coventry advertisement to effect a sale.

 

With Coventry's offer in hand, her advisor engaged 1908 to ensure that she was receiving fair value for the policy. 1908 facilitated a competitive auction and received multiple offers for the policy.

 

The end result was a 5.5x improvement over Coventry’s offer and an incremental $682,000 windfall for the advisor’s client.

Direct sales always produce poor outcomes, and the results presented in this case are typical.

Without informed engagement by trusted advisors, policy owners are left in a dangerous vacuum. 

Policy Type
Convertible Term
Face Value
$5,000,000
Sale Trigger
Health Change
Cash Value
$0
Ownership
Key Man Transfer
Days to Contract
15
Advisor
MFO - $6.5B AUM
Net vs. Alternative
5.5 X
Policy Type
Convertible Term
Face Value
$5,000,000
Sale Trigger
Health Change
Cash Value
$0
Ownership
Key Man Transfer
Days to Contract
15
Advisor
MFO - $6.5B AUM
Net vs. Alternative
5.5 X