Life Settlements
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What is a Viatical Settlement?
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Read more: 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 […]
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Can I Sell My Life Insurance Policy?
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Read more: Can I Sell My Life Insurance Policy?You can sell your life insurance policy to a third party for a lump sum of money. This is known as a life settlement. There are a few things to keep in mind if you are considering selling your life insurance policy: If you are considering selling your life insurance […]
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How to Cancel Your Life Insurance Policy
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Read more: How to Cancel Your Life Insurance PolicyLife 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 […]
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How Does a Life Settlement Work?
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Read more: How Does a Life Settlement Work?There are three major steps in life settlements 1. Get an Estimate The estimate is based on years of experience evaluating policies. This estimate is primarily based on the policy value, your age and general health condition. The estimate will provide a range based on experience and help you decide […]
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Read more: Why Life Insurance Companies Don’t Like Life SettlementsLife Insurance is based on the fact that the majority of policies purchases are nevre paid out. Most buyers will allow their policy the lapse at the end of the term because they have been convinced that the term is over and the policy is worth nothing. Insurance companies want […]
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General Qualification Guidelines:
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Read more: 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
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Read more: New Opportunities to Settlement Term Life Insurance PoliciesBecause 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 […]
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Read more: 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 […]
