Life Insurance Settlements sales can provide a substantial return for an unwanted life insurance policy. You may qualify by being over 65, have a life expectancy of 2 to 18 years and a policy over $250,000 in death benefit. If you have universal life, whole life or term life and the term is still within the convertibility period, you may qualify. An offshoot of the viatical industry, once the settlement is agreed upon by you and the institutional investment group, assignments completed and you receive the agreed value, the new owner/beneficiary is responsible for all future premium payments.
The life settlement market affords those wishing to cancel, surrender or lapse their life insurance policy(s), a venue to profit on these policy(s). They may sell for reasons ranging from death of a spouse, children raised, business has changed or unaffordable premium payments. There are a number of large institutional investors, who might be interested in buying your life insurance. A life settlement is proof that a life insurance policy is a valuable personal asset. Those with high premium payments or other reasons for selling can do so if they are over 65 and meet the required life expectancy. We only work with institutional investment groups for obvious reason as they buy these policies as part of a much larger investment portfolio. . In summary, the life secondary market spawned from the viatical industry of the 1980s and is a boon for policyholder's. The new owner is the beneficiary and is responsible for all future premium payments. Those who choose to sell their life insurance policy often find themselves with the means to enjoy the rest of their life with a little more cash to invest.
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