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, […]
Can I Sell My Life Insurance Policy?
Can I sell my Life Insurance Policy? YES! Cash for your policy even if it a Term Policy is available.
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 […]
How Does a Life Settlement Work?
Life Settlements are when you sell a life insurance policy you no longer need instead of surrendering it to the insurance company,.
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 […]
