 |
| | | |
|
Car Accident Insurance Settlement Article
A new financial tool is now available for senior citizens. Life Insurance Settlements are quickly becoming a way for seniors to receive money from an under performing or costly life insurance policy.
A life insurance settlement is the sale of a life insurance policy (whole life, term, universal life, etc.) covering the life of one or more individuals with an “ascertainable and limited” life expectancy. A life insurance settlement is usually most beneficial seniors over the age of 65.
Some basic qualifications for a life insurance settlement are the above-mentioned age and health requirement, policy is assignable and beyond the contestability period, and the policy must be issued by a US insurance company. The higher the insurance company rating could provide a higher settlement amount.
The policy owner is paid a lump sum in cash in exchange for transferring ownership of the policy and premium requirements to the purchasing funder or company. The amount paid to the seller is stated as a percentage of the policy’s face amount and is calculated based on the specific life expectancy of the underlying insured. Each life insurance settlement amount is calculated on a case-by-case basis.
The popularity of life insurance settlements is due to the fact that if a policy owner was thinking about letting a policy lapse or surrender, they now have the opportunity to receive a payout larger than the surrender value. “It just doesn’t make sense, that seniors nationwide are letting life insurance policies lapse after paying years of premiums”. “By just exploring the option of a life insurance settlement they could be gaining thousands to hundreds of thousands of dollars they never knew were available to them,” says Grant Shellhammer of www.LifeSettlementPro.com. Another benefit is that there are no fees or obligations to have a policy evaluated to see if a life insurance settlement is available.
There are numerous other benefits to policy owners through a life insurance settlement. These include relief of costly premium expenses, higher cash payout than the surrender value, cash payout instead of a policy lapse, additional funds for retirement and other endeavors, funds for health related expenses, and other estate and financial planning needs.
To sum things up, a life insurance settlement is a strong and beneficial financial tool for senior citizens nationwide. Consumers now have options to receive more money versus the previous options of only a cash surrender or policy lapse. With the consumer friendly approach of a life insurance settlement, the market will continue to grow.
About the AuthorGrant Shellhammer is a licensed insurance agent and affliate Life Settlement Broker with Life Settlement Pro.
Contact details:
grant@lifesettlementpro.com
1.888.973.8377
http://www.lifesettlementpro.com
|
Insurance Settlement News
Helpful Car Accident Insurance Settlement Links
Car Accident Insurance Litigation and Settlements
One of our Lawyers can assist with your car accident insurance settlement. ... Car Accident Insurance Settlements. Car Accident Insurance Settlements for Crash Victims ... In response to that settlement letter, the insurance company may make a counter offer ...
Injury Attorney, Car Accident, Settlement
Our attorneys specialize in Car and Automobile Accidents. Post your case with an attorney now absolutely free! Our lawyer directory will help you find an Attorney. ... Car Accident Attorneys - Settlement Of An Automobile Accident Case ... complex automobile accident cases as well as understanding how insurance adjusters and lawyers evaluate cases ...
Vegas Injury Law - car accident settlement
... Car Accident, Settlement Car Accident Attorneys - Settlement ... accident insurance settlements If you would like the highest car accident insurance settlement or back injury settlement ...
ACCIDENT CAR CLAIM INSURANCE
... car accident claim. car accident compensation claim. car accident insurance claim. insurance settlement car accident. car accident report. accident car claim process. car ... Accident-Car-Accident ...
CAR CLAIM INSURANCE SETTLEMENT
... Questions (FAQ) about your MA auto accident injury from a Massachusetts Attorney ... in an Massachusetts Car accident settlement?. settlement from the insurance company? Once again ...
Insurance Code
Texas Statutes. Insurance Code. Help | Contact. Home. Search. TITLE 2. TEXAS DEPARTMENT OF INSURANCE. CHAPTER 30. GENERAL PROVISIONS. CHAPTER 31. ORGANIZATION OF DEPARTMENT. CHAPTER 32. ... LIFE, HEALTH, AND ACCIDENT INSURANCE PREMIUM TAX ... CHAPTER 542. PROCESSING AND SETTLEMENT OF CLAIMS ... FOR INSURANCE COMPANIES OTHER THAN LIFE, HEALTH, OR ACCIDENT INSURANCE COMPANIES ...
Auto Accident Settlement, Car Accident Lawyers
Car accident lawyers handling auto accident cases, reviewing auto accident settlements and helping victims to obtain equitable settlements from the insurance companies. ... serious auto accident, most car accident victims are simply ... own insurance company. For a free no-obligation review of your car accident claim or auto accident settlement, please ...
Back injury and car accident insurance settlements
... Cases and Other Car Accident Insurance Settlements Accident Victims: Is The Insurance Company ... back injury settlement or other car accident insurance settlement amounts they can ...
Michael Colbach | Portland Oregon auto accident lawyer | Car accident attorney Portland Oregon | Car accident lawyer...
Michael Colbach is an Oregon auto accident and personal injury attorney. He handles injury and death claims througout the state. ... insurance settlement and minimize ... car accident settlement. If you hire an Oregon attorney who has little trial experience, oftentimes they will be afraid to go to trial. Insurance ...
Insurance Settlement For Car Accident
... Insurance Settlement For Car Accident. Insurance Settlement For Car Accident Links and Resources ... you in becoming more educated about your Insurance Settlement For Car Accident needs. ...
Car Accident Insurance Settlement, Insurance
... Search: Additional Car Accident Insurance Settlement Resources ... are looking for car insurance accident ... insurance settlement car accident. For current information on insurance ...
insurance settlement: tax-obligation-insurance-settlement-car-accident
Saturday, July 30, 2005. At this site you will find thousands of resources we discovered by diligently exploring the Internet in search of Insurance Settlement related sites. ... insurance-company-settlement. automobile-accident-insurance-settlement. permanent-disability-insurance-settlement ...
|
