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