 |
| | | |
|
Insurance Life 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 Insurance Life Settlement Links
CASH INSURANCE LIFE SETTLEMENT
... CASH INSURANCE LIFE SETTLEMENT. Life Settlements | Viatical | Life Insurance Settlement. ...
Life Settlement|Life Insurance Settlement|Viatical Assistance
Peachtree Life Settlements is the largest instutional funder of life settlement, life insurance settlement, and senior life settlements. Peachtree provides viable solutions for Seniors and their advisors ... Peachtree Life Settlement |Institutional Funders. Peachtree Life Settlements' team of experts ... funder, Peachtree Life Settlements for all your Life Insurance Settlement needs. ...
Life Settlement :: Life Insurance Donation
Life Insurance Donation will help you with selling your life insurance to a settlement company for a sum of money that exceeds the policy's cash surrender value ... A Life Settlement is the sale of an individual's life insurance policy to a settlement company for a ...
- life insurance settlement
... Home Insurance Auto Insurance Health Insurance Life Insurance. life insurance settlement. Home Page > resources > life insurance settlement. Other important ...
Life Settlements and Life Insurance Settlement Information
Life Settlement and Viatical Information and basic understanding about senior life insurance settlements ... With a Life Settlement you turn an otherwise untouchable asset into something liquid, something ... There are 2 types of life insurance settlement transactions: Life 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.com. Life insurance settlement information available by ...
Settlement - Life Settlement
Your best online resource for Settlement and - Life Settlement ... Resources | Add URL. Life Settlement. Settlement ... Settlement Specialist. attorneys, and agents. Unlock the Cash Potential of Life Insurance?. Click here to view Life Settlement ...
Chase Financial Services - Online insurance - business & personal - builders risk insurance - commercial insurance...
Online insurance resources. Information on and instant online quotes for builders risk insurance, general contractors insurance, personal liability, umbrella, auto, life, health, travel, homeowner insurance and much more. ... insurance agents offices. insurance companies - life. insurance companies - other. insurance companies - P&C ... stock brokers. structured settlement consultants. tax preparers ...
Life Settlements at American Viatical: Viatical Settlements, Life Insurance Settlement, Viatical Life Settlement
Viatical Settlements at American Viatical. Specializing in life settlements, life insurance settlements, viatical life settlements and viatical insurance ... use of their Life Settlement proceeds. The fact ... settlement options can offer immediate opportunities for financial professionals and policy holders to reevaluate the life insurance ...
Milestone Settlements, LLC
... viable options for their life insurance policies through life settlements. A life settlement, simply put, is the sale of a life insurance policy at a price, which ...
Life Settlements Senior Viatical Life Insurance Settlement
... is national broker providing life insurance settlement serivces to policyholders and financial ... industry to all parties. insurance life settlement value advanced settlements Ideal ...
Life Insurance Settlement
... As part of comprehensive planning, a separate insurance review may indicate a policy that is improper ... completed one of the largest life settlement policies in the U.S. for ...
|
