Life Settlements
Helping Seniors Discover Hidden Wealth Through Life Settlements
A life settlement is an increasingly popular financial transaction in which a policy owner who has an unwanted or unneeded life insurance policy sells their policy to a third party for more than the potential cash payout he or she would have received from an insurance company. The third party purchaser of the life settlement becomes the new beneficiary of the policy when it matures and is also responsible for paying all of the premiums that become due on the policy.
The sale of life insurance policies when the intended benefits are no longer needed has been an important development in that they have opened a secondary market for life insurance. Policy owners can now access fair market values for their policies rather than accepting the lower cash surrender value (the amount an individual would receive if he or she surrendered the policy to the life insurance company prior to the policy’s maturation or the holder’s death).
A life settlement is generally an option for people who are 65 or older. It allows people to maximize the benefit they receive from their life insurance policy if the individual who would benefit from the policy is no longer in need of the policy’s benefit. There are also other benefits to life settlements when it comes to taxes, estate planning and charitable giving.
This site is for insurance agents or Registered Representatives use only. Not for use with the general public, and does not apply to variable life settlements. Life Settlement amounts are based on numerous factors. Actual results will vary. Some or all of the proceeds of a life settlement may be taxable under federal or state income tax laws. We do not offer tax advice. Advice from a professional tax advisor is recommended.
A Life Settlement may provide you or your client with the best financial solution possible. Please Chat with one of our live Consultants or Fill out this form and a trained specialist will contact you to answer all your questions, and provide you or your client the safety and security that only an Institutional Funder can assure.
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