What is a Life Settlement?
A life settlement is the sale of an unwanted life insurance policy for a lump sum of cash. The amount received is greater than would be received by surrendering the policy to the insurance provider. Life Settlements are sometimes referred to as Senior Settlements.What does Life Settlement Awareness offer you?
» Access to answers to any questions you may have
» Access to Expert Staff to guide you through selling your policy
» Access to the nation’s leading funders
Examples of Possible Uses for Life SettlementsJim W.
Age of Insured: 74
Policy’s Face Value: $750,000
Sale Price: $279,000
Use: Turned his unwanted, unneeded policy into immediate cash on hand to fund alternative health care.Click here for more about this story.
James R., CFO
Age of Insured: 76
Policy’s Face Value: Portfolio of $6,500,000
Sale Price: $1,993,000
Use: Sold company’s unwanted key-man insurance to fund new ventures rather than continuing to pay out-dated premiums.
Click here for more about this story.
Mark G., Small Family Business Owner
Age of Insured: 78
Policy’s Face Value: $2,000,000
Sale Price: $442,000
Use: Sold unwanted Universal Life Policy taken out on retired Mother to fund Mother’s long term health care.Click here for more about this story.
* Names and figures may have been changed to protect privacy.
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