Life Settlement
Life Settlement: Selling Your Life Insurance
Whether term or whole life, you could get cash for your life insurance policy. Don’t leave money in a sock drawer – 85% of all life insurance policies never pay a death benefit and life settlements provide 300% of the cash surrender value on average. Most people don’t realize that there are options to giving up a life insurance policy or getting only the life insurance cash surrender value.
You may be one of many who bought life insurance years ago to provide income protection for your family. Today, you find that you no longer need this type of insurance. Maybe the money you have invested in that policy is needed for new and different reasons. Like being on a fixed income with decidedly unfixed expenses. Perhaps you need in-home care or are moving from your home to a senior residence community. You may simply be planning for the day when long-term care expenses become a real factor in your life.
People turn to life settlements for many different reasons:
- Life insurance policy premiums have become unaffordable
- Beneficiary passes away before the named insured
- Maturity of term policy
- To pay for healthcare costs
- To help fund retirement
Regardless of the reason, it is always better to evaluate life settlement than to simply let the policy lapse.
Offers to buy your life insurance will vary
Here’s why: Wall Street investors have different needs for their investment portfolios and each has their own interpretation of life expectancy, which is the single biggest factor in determining the settlement offer – aside from the face value of the policy. To maximize the value for your policy, it’s important to choose a broker with access to a large pool of funders in the market. Most life settlement funders will only buy policies sold through brokers, as they don’t have the infrastructure in place to deal directly with consumers.
Free and Private quote – No obligation
Or call us toll Free at 888-329-9925