Is it legal to sell my life insurance policy?
Yes, it is. I was surprised when I first discovered this. The process is known as Life Settlement. Life settlements are legal in the United States. In 1911, the Supreme Court ruled that life insurance is property and can be sold. In 1996, the Health Insurance Portability and Accountability Act (HIPAA) further solidified the legality […]
How do my life insurance needs change as I get older?
Life insurance needs change as you get older. When you are young, you may need life insurance to protect your family financially in the event of your death. As you get older, your financial needs may change, and you may need less life insurance. Here are some factors to consider when evaluating your life insurance […]
Securing Your Future: A Comprehensive Retirement Income Strategy
Retirement marks a pivotal shift from earning a steady income to relying on a carefully planned financial strategy to sustain one’s lifestyle. Crafting a comprehensive retirement income strategy involves numerous facets, each pivotal in securing a financially stable future. Initiating this planning process begins with establishing a timeline for retirement. This foundational step is crucial […]
Transforming Financial Futures: 2024 Life Settlement Market Overview
As we step into a new year, reflecting on the tumultuous paths navigated in the financial landscape of 2024 provides valuable insights and opportunities for future planning. The Life Settlement Market, as an integral component of the broader financial ecosystem, demonstrated resilience and growth amidst the global uncertainties presented by economic volatility. Life Settlements, transactions […]
7 Life Events That Make Life Settlements a Wise Financial Choice
Life settlements represent a strategic financial decision for many, offering alternative solutions when life insurance no longer meets the original needs or becomes a financial burden. Understanding the key life events that make life settlements a wise choice is crucial for informed decision-making. **Retirement or Selling a Business:** Transitioning out of business ownership or retiring […]
How to Cancel Your Life Insurance Policy
Life insurance is a long-term financial product, and there may come a time when you no longer need it. If you’re considering canceling your life insurance policy, there are a few things you need to know. When Can You Cancel Your Policy? You can cancel your life insurance policy at any time. However, there may […]
Why Life Insurance Companies Don’t Like Life Settlements
Life Settlements allow policy owners to get back some of the premiums they paid over the years by selling to an investors. Insurance companies do not like this as it does not allow the policy to lapse where they can collect premiums but avoid paying on the policy.
General Qualification Guidelines:
Your Life Insurance Policy may contain Hidden Cash Value Here are some general criteria: Life Settlements: Uncovering Hidden Value in Your Life Insurance Policy
New Opportunities to Settlement Term Life Insurance Policies
Because of the popularity of term Life Insurance, there is a great deal of interest in settling these policies. Term Life Insurance is typically bought to cover a temporary need and, at some point in time, the Life Insurance is no longer necessary or becomes unafforable. When either occurs, a Life Insurance Settlement may be […]
Don’t overlook the Hidden Value in Term Life Insurance Policies
Term Life Insurance is typically bought to cover a temporary need and, at some point in time, it either expires, reaches the end of its rate guarantee period, becomes unnecessary or becomes unaffordable. When any of these events occurs, a Life Settlement may be a way to recover some “salvage value” for your client. We […]
