Life Settlements
Helping California Seniors Discover Hidden Wealth Through Life Settlements
In recent years, life settlements have become a more popular way for seniors to ensure that they are financially secure. In a life settlement, a life insurance policy owner who finds him or herself with an unwanted or unneeded life insurance policy can sell the policy to a third party. Typically, this sale allows the policy holder to extract more money from the policy than he or she would have gotten by turning the policy back over to the insurance company.
The third party purchaser of the California life insurance policy becomes the beneficiary of the policy when it is paid out, but he or she also becomes responsible for paying any premiums that are due once he or she buys the policy.
A secondary market for California life insurance policies has been created by people who no longer need or want their insurance policy. This market allows benefits to individuals on both sides of the purchase agreement. The policy owner has the ability to access the fair market value for the policy rather than accepting the low cash surrender value offered by the life insurance company. The third party purchaser of the policy is given a somewhat secure investment.
A California life settlement transaction is most frequently considered by individuals over the age of 65. Life settlements allow a person to maximize the benefit received from a life settlement policy when there is no longer a need for a policy to support individuals when another has died. Other benefits of life settlements include tax, estate planning, and the opportunity for charitable giving.
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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