Life Settlement

• By providing some basic information about the insured and the policy, you can find out if the policy qualifies for life settlement.
• Once you prequalify, you will complete a quick application that will provide detailed information necessary to begin soliciting life expectancy reports marketing your policy, and obtaining informal offers. There is no charge for this process.
• If you choose to accept the offer, a contract between the policy owner and the buyer will be generated for both parties to execute, funds are placed with an escrow agent, and a change of owner request is submitted to the carrier.
• Within 48 hours of receiving written confirmation that the ownership changes have been completed, the escrow agent will send the life settlement funds directly to you.

Policies that once were inexpensive have underperformed and, in many cases, premiums have now become unmanageable . Often a life settlement is the best option to help recoup lost premiums.

With a recent study showing that policy owners receive on average 5 times their cash value in a life settlement transaction, whether you need money, or just no longer need your insurance coverage, a life settlement may be the right solution (1).

• Long-Term Care – With nursing homes and assisted living facility costs rising, many seniors are faced with having to make decisions about the level of care they can afford. The sale of a life insurance policy may help provide for the quality of care you want and deserve.
• Health Care Costs – The cost of care can be significant and, in some cases, long lasting. Policy owners who sell their insurance policies are often able to benefit by using the proceeds to pay for care that’s needed.
• Cost of Living – It’s no secret that things cost more today and the economy hasn’t been helping. Often times, the sale of a life insurance policy can offer the breathing room you need to get through the tough times.
• Premium Recovery – Many Universal Life policies were sold with the expectation interest rates were going to be higher. Premiums have more than doubled in some cases and policyowners are being forced to surrender. A Life Settlement can help recover lost premiums and put cash back in your bank account.