What is a Life Insurance Settlement?
Many people are not aware that life insurance is actually
a personal property and as the owner you may therefore sell
it. You can take your about-to-lapse, unwanted, or unsuitable
insurance policy and turn it into a cash asset today!
A Life Settlement is the sale of a life insurance
policy to a third party for a percentage of the policy’s
net death benefit that is always more than the issuing insurance
company will pay for the surrender of the policy. The amount
is determined by factors such as age, expected life expectancy,
and policy characteristics such as premium costs.
A Life Settlement may be a more lucrative alternative
to letting the life insurance policy lapse or surrendering
it
to the issuing insurance company. Whenever senior policy
owners are considering surrendering a life insurance policy
for any reason, they should explore the life settlement option
with their financial advisors.
Life Settlements present a unique opportunity
to receive the “true market-value” for an existing
life insurance policy and re-allocate those funds for your
current financial needs. In fact, seniors can use the cash
settlement for anything they need from medical expenses,
living expenses, or anything they desire with no restrictions.
Plus, the policy appraisal process is risk free, private
and requires no medical exams.
To learn more important information about life
insurance settlement and it's benefits, visit our Benefits
of Life Settlement page.
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