How can a Life Settlement Help You?
A life settlement is the sale of a life insurance policy covering a person who is over 65. It presents a unique opportunity to extract the maximum value of a senior’s existing life insurance policy. Until recently, the owner of an unneeded or unwanted policy had two options – sell the policy back to the insurance company that issued it for its cash surrender value (if any) or allow the policy to lapse. By utilizing the services of Life Insurance Settlement, Inc. (LIS), your client’s life insurance policy will be submitted throughout the secondary market. Each new offer generated through this process results in more money for your client, thereby providing a greater financial portfolio for you to manage as their trusted financial advisor or agent.
LIS will broker an existing policy for an amount greater than the policy’s cash surrender value, or greater than the amount the policy owner would receive if they choose to allow the policy to lapse. In most cases, the policy being considered for sale is not performing to the expectations of the policyholder. Sometimes, the original need for the policy has changed, and the premiums to keep it current have become a financial burden. This option should be considered whenever your client is over the age of 65, or with significant health challenges, and is considering surrendering or lapsing a life insurance policy. Learn how both you and your client can benefit by allowing LIS to provide a FREE NON-BINDING APPRAISAL of any life insurance policy today.
When properly employed, a life settlement offers an opportunity for your senior client to benefit from no longer wanted or needed insurance coverage. The majority of secondary market transactions result in the sale of another financial product or service with the capital generated by the sale of the original policy.
