 |
| | | |
|
Company 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 Company Insurance Settlement Links
Company From Insurance Settlement Structured, Insurance
... Insurance News: After years of insurance hikes, drivers get some relief (Detroit News) ... Search: Additional Company From Insurance Settlement Structured Resources ...
Structured Settlement Payment Company || Insurance
Offers structured settlements, cash for structured settlements and buyer of structured settlement payment services.
Life settlement company?
Life settlement company? Serving as the link between you and the funding sources is life settlement company. ... licensed senior settlement company, life insurance settlement, life insurance settlements, ... the policy to the insurance company.The insurance company pays the death benefit to ...
Company Insurance Negotiate Settlement, Insurance
... Insurance News: After years of insurance hikes, drivers get some relief (Detroit News) ... workers comp, french settlement water company, insurance claim settlement forms.broker, it ...
Structured Settlement Company
... structured settlement company company, dealing ... Company. Insurance Settlement ... When is a structured settlement right for you? Settlement Planning Associates structured settlement ...
Insurance Quotes
Get your insurance quote in minutes! Totally free, just enter your ZIP code to get an insurance quote. ... Life insurance settlement sources presented at InsuranceQuoteHome ... company, union fidelity life insurance company, negotiating insurance settlement, insurance broker agreement ...
Settlement Company
Search engine data on settlement company. ... A Survey? Allegheny Settlement Company ... ... Allegheny Settlement Company is a full service title insurance and settlement services company serving all of ...
Goodyear Tire & Rubber Company :: Goodyear to Receive Insurance Settlement
The Goodyear Tire & Rubber Company announced today that it will receive $22 million in an insurance settlement for asbestos and pollution related claims previously filed by the tiremaker. The $22 million will be paid by Lloyd's Underwriters ...
J.G. Wentworth Advanced Funding Quotes
J.G. Wentworth pays the most cash now for your structured settlement payments. If you do not want to wait for future payments to trickle in, let the industry leader give you your free quote today.
Cash settlement life insurance?
Cash settlement life insurance? Get a direct help from an expert to cash settlement life insurance. ... licensed senior settlement company, life insurance settlement, life insurance settlements, ... company, get a firm number from your insurance company for the cash surrender value ...
Life Settlements at American Viatical: Viatical Settlements, Life Insurance Settlement, Viatical Life Settlement
... Home. Company Profile. Life Settlement News. Testimonials ... wide range of seniors who want to cash out life insurance as they plan for better retirement and other needs ...
insurance settlement auto broker
A new search engine providing details on auto insurance resources ... auto insurance agency, insurance settlement ... insurance clearing house ... insurance settlement auto broker...: princeton insurance princeton insurance company insurance settlement ...
|
