Robert Harris
Advanced cardiac and diabetic, $1M UL policy
Severe coronary disease with two prior stents, moderate heart failure after a recent decompensation, poorly controlled type 2 diabetes on insulin, and stage 3 chronic kidney disease. Holds a $1M universal life policy originally issued preferred 20 years ago. Illustrates an impaired-risk life settlement where expected offers clear the cash surrender value, how buyer IRR assumptions move the offer, and how carriers treat a complex cardiac profile today.
Health-adjusted life expectancy
age 84
6 years remaining
Settlement offer, expected
$381K
38.1% of face
Offer range
$345K – $410K
Three buyer-IRR scenarios
Marketability
Strong Candidate
85/100
What this sample shows
For advisors with an older client holding a legacy UL or GUL policy who are weighing hold vs surrender vs settlement. Shows the valuation math and the carrier spread on a complex cardiac + diabetic file.
- Expected settlement offer clears the policy's cash surrender value
- Carrier distribution spreads across substandard tiers — no single read
- Strategy grid ranks sell, hold, and surrender on after-tax NPV
Open the sample views
Each view is the same page a real client or advisor would see. A sample banner stays on screen so it is always clear you are looking at a fictional profile.
Consumer longevity report
The full self-serve report: health-adjusted life expectancy, survival curve, condition impacts, what-if scenarios, Social Security comparison, and the per-carrier underwriting class estimator inline at the bottom.
Advisor + settlement view
How the same profile appears to a financial advisor: policy details, settlement valuation across three buyer IRR scenarios, hold-vs-sell strategy comparison, and a clinical-level health breakdown.
Questions about Robert's sample
- Is this report based on real data?
- No. Robert Harris is a fictional profile. Every number on the report is produced by the real Lumis Life engine running on the fictional inputs — the mortality tables (SOA 2015 VBT with MP-2021), the 18-carrier underwriting overlays, the Monte Carlo simulation, and the settlement valuation stack are the same ones a real client submission uses.
- Do I need to sign up to open the full report?
- No. The consumer longevity report and advisor plus settlement view (where applicable) are public. A sample banner stays on screen the whole time.
- What makes this an impaired-risk settlement instead of a surrender?
- Robert's clinical picture (advanced CAD with two stents, CHF after a recent decompensation, severe T2DM on insulin, stage 3 CKD) materially shortens the engine's mortality projection. That shorter horizon lets third-party buyers price the $1M death benefit above the policy's $120K cash surrender value after provider fees and broker commission — which is the definition of a marketable settlement.
- Why are three settlement offer numbers shown?
- Each number is a DCF valuation at a different buyer IRR target — conservative (16 percent), expected (13 percent), and competitive (11 percent). Buyers set IRR based on their cost of capital and portfolio appetite, so the same policy produces a range in practice. The spread between the three is the honest uncertainty window on a bid.
- What fees are netted out of the offer?
- The displayed offers are after a $15,000 fixed provider fee, a 1 percent of face provider fee, and a 20 percent broker commission. The math also applies a 3 percent tax drag per IRC §101(a)(2) transfer-for-value treatment.
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