A life settlement is the sale of a life insurance policy to a third party.
If a change in finances, tax law or family circumstances have reduced or negated your need for your life insurance you may want to consider a Life Settlement. If you are confronted with the high cost of Long Term Care services and don’t qualify for Long Term Care insurance, a Life Settlement may provide the necessary funds.
We work only with licensed buyers which are large institutions that purchase Life Settlements as a part of a diversified portfolio. If you are over 75 and no longer need or want to pay for your existing life insurance, there may be a buyer for your policy. The value of your policy is dependent upon a number of factors, including age, health, amount of insurance, type of insurance, cash value and the rating of the insurance company.
As opposed to purchasing life insurance, Life Settlements offer higher returns when the insured is of advanced age and/or poor health.
Contact us for an appraisal. There is no charge for this service.