Colorado Life Settlements
Helping Colorado Seniors Discover Hidden Wealth Through Life Settlements
Life settlements have become a popular financial transaction and an promising option for people 65 yrs or older during recent years. Life settlements allow a policy owner who has an unwanted or unneeded life insurance policy to sell their policy to a third party for more than the potential cash payout they would have received from their insurance company. The third party purchaser of the life settlement becomes the new beneficiary of the policy when it matures and becomes required to pay all of the premiums that are due on the policy.
A new secondary market for Colorado life insurances has opened thanks to the sale of life insurance policies. Policy owners are now able to access fair market values for their policies rather than accepting the low cash surrender value (the amount an individual would receive if they surrendered the policy to the life insurance company prior to the policy’s maturation or the holder’s death).
Colorado life settlements maximize the benefit an individual would receive from their life insurance policy if the person who would benefit from the policy is no longer needed the policy’s benefit. Other benefits of life settlements typically include: 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. Colorado 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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