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Life
Settlement
Turning Death Benefits Into Living Benefits
If your life
insurance policy serves very little or no purpose to
keep,
you may consider Life Settlement.
Life Settlement is the sale of an unwanted or
unneeded life insurance policy for cash, which is
guaranteed to be greater than the policy’s surrender
value, but less than the policy’s death benefits. A
life Insurance policy is an asset; like a house or a
car, it can be bought and sold. But…
Why Sell Your Life Insurance Policy?
Here are some of
the reasons why:
- You
originally purchased the policy for the purpose
of protecting
and providing for your family, but your children
are all grown and well on their own. Therefore,
the family protection is no longer an issue.
Simply put, no one is dependent on you any
longer.
- Your policy
was purchased for Estate and Tax planning
purpose,
but presently you have very little or no Estate
tax exposure, due to increasing Estate Tax
Credits and/or Exemptions, sold or
depreciated properties, charitable gifts and
donations, poor investment performance, just to
name a few.
- You have a
medical condition that is chipping away at your
saving, concerned about your own health and
well-being rather than
leaving money for your beneficiaries. As a
result, Immediate
cash is needed to save your own life, maintain
or improve your life style and help overcome
difficulties.
- You simply
can no longer afford to pay the premium in order
to
keep the policy enforced.
- You may need a long term care policy. So, It could make
much more sense for you to exchange your life
insurance and pre-pay
for a long term care plan, often time without
any out of pocket expenses. That’ll give you
peace of mind that you continue living
with dignity rather than becoming a burden on
your children or any loved ones.
In many contexts, a life insurance policy that
appears to have limited or no value at all may have
an unexpected worth while you are living.
Uncover the untapped resources in your life
insurance
Click
here
to find out how you can cash in.
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