Life Settlement Awareness

We get asked a lot of questions including, why would anyone want to sell their life insurance policy? Wasn’t the policy purchased to provide a death benefit to the family?

Typically, we find that most people simply no longer have a need for the coverage or can no longer afford the premium payments. Sometimes, the purpose for which it was purchased no longer exists.

Reasons such as:

• The estate has been reduced to a point that the tax burden no longer requires coverage to pay the estate tax.
• The spouse/primary beneficiary has died.
• Policy Owner is in the process of or has gone through a divorce. Note: In the past, the only policies that were considered of value as a marital asset were those with cash value. Now, Term Insurance which has no cash value component, has a value.
• Policy Owner is in the process of or has gone through a Personal or Business Bankruptcy. Note: In the past, the only policies that were considered of value as a personal or business asset were those with cash value. Now Term Insurance, which has no cash value component, has a value.
• The Buy-Sell or Key man policy is no longer needed due to retirement or death of a partner or the company no longer exists.
• The Universal Life policy that was supposed to self fund itself (sometimes referred to as a disappearing premium) isn’t performing as desired and now significant premiums are required to keep it in force.
• The Split-Dollar policy on a key employee has been challenged or disallowed by the IRS.

Many other individuals are now seeing the benefit of using a Life Settlement as a financial planning tool, estate planning tool, and even a financial leverage tool. We would be glad to answer your questions and show your breakdowns of how a life settlement can greatly increase your financial well being. Call toll free 1-888-973-8377 for your free consultation.

Learn more about Life Settlements at:
Life Settlement Info
Life Settlement Information

What if you still need coverage, but are considering a Life Settlement?

You might consider converting an older, high premium or under performing UL policy into a newer possibly less expensive policy. People are living longer. This has caused a revision of the insurance company Commissioner’s Standard and Ordinary Mortality Table that is used to establish insurance premium rates. Therefore, if the insured’s health has remained relatively constant, it is sometimes possible to buy new insurance at less cost than just a few years ago.