Life Insurance Settlements
Don’t let your life insurance policy lapse just because the payment is too expensive and you can’t pay the monthly premium
Don’t let your policy lapse just because you no longer need life insurance.
Did you know that your life insurance policy is an important asset - just like your home, your automobile, a piece of important land, or a stock investment? When you sell your life insurance policy you can receive a lump sum cash payment or a combination of a lump sum cash payment and a percentage of the coverage with no more monthly payments of the policy’s premium. There are companies that will purchase your policy and takes over the premium monthly payments and give you cash NOW!
A Life insurance settlement is definitely more lucrative and a better choice than losing your life insurance policy all together and just letting it lapse. Selling your life insurance is usually a better option than surrendering your policy and it gives you on average four times more than the cash surrender value. This is a much greater financial advantage to you the policyholder.
Frequently Asked Questions
What factors are considered when selling my life insurance policy?
Your age is a main factor. Usually it is 65 years or older but sometimes younger ages are considered, especially if there are health concerns involved. Call us today and inquire to see how much cash your policy could be worth.
A life insurance settlement can provide you much needed financial relief when you need cash the most. Don’t overlook this valuable option that is right in front of you.
A Life Insurance Settlement is a great option to get cash from a policy you no longer need or can’t afford to pay. If you were just going to let the policy lapse and lose the whole thing - why not get a lump sum of cash for it.
For senior citizens that are struggling to pay for healthcare costs, long-term care cost, or general living cost, selling their life insurance policy could be the financial answer they are looking for with the best solution.
Why is it best to always use a Life Settlement Broker
Instead of just calling your own insurance company?
Your own insurance company will give you their one price they are willing to pay out to you, along with trying endlessly to talk you into keeping a policy you can not afford or do not need anymore.
A Life Settlement Broker specializes in shopping your policy around to many companies that will fight to pay you the highest price for your cash out. That Broker is working just for you to get you the most money in your hand for the Life insurance policy you wish to sell.
How can a Life Insurance Settlement be a financial advantage to me?
Everyone that is of retirement age is always looking for extra money. A life settlement is a great way to add money to your income. One – you are free of extra money each month that you would have to pay the premium. Two – you now have a lump sum of cash that you didn’t have before. This extra cash can be used for long-term care expenses, medical expenses, cash for needed emergencies that come up unexpectedly, assisted living cost, or anything you need or want to use the cash for as you see fit. And did you know if you still need life insurance you can retain a portion of your coverage after you sell your life insurance policy.
What kind of life insurance policies can be sold?
Most life insurance policies do qualify for life settlements. This includes whole life, universal life, key personnel life, variable life, group life, term life, or survivorship. Call today and inquire about your life insurance policy and how much cash it may be worth.
How is the best way to sell a life insurance policy?
The best way to sell a life insurance policy is through a life insurance settlement broker. The broker solely represents the policy owner and is only working in their best interest. All brokers are licensed and regulated as they put the life insurance policy on the buyers market to companies all across the country to get the highest price bids from multiple buyers. The brokers goal is to get the highest maximum price possible for the policy owner – you.