Connecticut Life Settlements
Helping Connecticut Seniors Discover Hidden Wealth Through Life Settlements
People over 65 years old now have an exciting new option in the popular financial transaction of a life settlement. Policy owners who have an unwanted or unneeded life insurance policy are able to sell their policy to a third party in a life settlement, receiving more than the potential cash payout they would have received from their insurance company. The third party purchaser of the life settlement then becomes the new beneficiary of the policy when it matures and is required to pay all of the premiums due on the policy.
The sale of life insurance policies has opened a new secondary market for Connecticut. Policy owners are 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).
Connecticut life settlements help an individual to maximize the benefit they would receive from their life insurance policy if the person who would benefit from the policy is no longer in need of the policy’s benefit. Other benefits of life settlements 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. Connecticut 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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