Options for Life Settlements

Life Settlements

There are two other options you have when dealing with a life insurance policy. One is that you could cash in your policy and get the cash surrender value (the amount of money you’ve paid in plus a modest amount of interest). The second is a life settlement, you can sell your policy to a bank or other financial institution. These buyers will provide you with a cash settlement that will exceed the cash surrender value of your policy. This cash payment is a life settlement. Life Settlements are the favorable option, you will receive a larger cash settlement than just letting your policy lapse.

So if you decide a Life Settlement is the right option for your particular policy, you can sell it for more than your insurance company will give you if you cash the policy in, even if you have a term policy that has no cash surrender value whatsoever.

Call 1-888-973-8377 to find out how large of cash life settlement you could receive for your life insurance policy.

Senior Life Settlements

Life Settlements are also known as Senior Life Settlements, Senior Settlements, Life Insurance Settlements, and Viatical Settlements.

Whether you call it a Senior Settlement, Lifetime Settlement, or High Net Worth Transaction - Life Settlements have become a very important factor in the estate and financial planning process for seniors. Before Life Settlements, if a senior owned a policy that was no longer wanted, needed or affordable, there was no option but to lapse, cancel, or surrender the policy back to the carrier for the cash surrender value. The cash surrender or lapse value is usually very minimal. Life settlements allow qualified policy owners to liquidate a policy for an amount much higher than the cash surrender value. Seniors can now take advantage of important financial opportunities using the proceeds of an unwanted, unaffordable or obsolete life insurance policy.

Currently, with the advance of Life Settlements as a mainstream financial product, Life Insurance Companies now face competition for the surrendered policies that they once capitalized on. Life Settlements have created a competitive secondary market for life insurance policies. Consumers are now in control of their policy, free to sell their policies in an open market for the highest available price, well above the cash surrender value offered by insurance companies.

Find out how Life Settlements can benefit you, call 1-888-973-8377.