5 Reasons Why You Should NEVER Cancel Your Life Insurance Policy. Sell it!
importance of considering alternatives to cancellation, evidencing why selling your policy can be a significantly more advantageous decision. Deciding to cancel your life insurance policy might seem like a prudent financial move, especially during times of tight budgets. However, before making such a pivotal decision, it’s important to consider the implications. Here are five compelling […]
Understanding Life Settlements: A Comprehensive Guide
Life settlements provide a unique opportunity for individuals holding life insurance policies they no longer need or find too costly to maintain. This financial option involves selling one’s life insurance policy to a third party in exchange for a cash payment, which is generally more than the policy’s cash surrender value but less than its […]
Does applying for a Life Settlement require my medical history?
There are a few reasons why a life settlement company may require your medical history.
Are there any risks when I sell my life insurance policy?
Selling your life insurance policy can be a way to get some cash out of your policy, but it’s important to be aware of the risks involved. Here are five risks to consider before selling your life insurance policy: If you are considering selling your life insurance policy, it is important to weigh the risks […]
What determines how long a life settlement will take?
A life settlement is a transaction in which the owner of a life insurance policy sells the policy to a third party for a lump sum of cash. The amount of time it takes to complete a life settlement can vary depending on a number of factors, including: In general, life settlements can take anywhere […]
Debunking Life Settlement Myths: What Your Broker Dealer Might Not Tell You
Life settlements, the process of selling your life insurance policy for cash to a third-party investor, are a topic surrounded by myths and misunderstandings, particularly among broker dealers. Whether due to lack of knowledge or misinformation, many policyholders are left uncertain about the virtues of life settlements and potentially miss out on a beneficial financial […]
Why Should I Sell My Life Insurance?
Life insurance can be a valuable financial tool, but it’s not always the right fit for everyone. If you’re considering selling your life insurance policy, there are a few things you should know. Here are some of the reasons why you might want to sell your life insurance policy: It’s important to note that selling […]
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 […]
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 […]
What is a Viatical Settlement?
A viatical settlement is a financial transaction in which the owner of a life insurance policy sells the policy to a third party for a lump sum of cash. The seller, known as the viator, is typically someone who is terminally ill and expects to die within two years. The buyer, known as the investor, […]
