• The policy owner can no longer afford the premiums
• The policy owner no longer needs the death benefit
• The policy owner needs cash now
In many cases when a policy is no longer needed or wanted, the policy owner will take the cash value of the policy and let a policy lapse. But why just let a policy lapse when the policy might be sold in the life insurance settlement market for significantly more cash than the cash value.
Most states now have laws regulating the sale of life insurance policies on the secondary market, and require brokers, such as Settlements For Life, and buyer, to be duly licensed and compliant throughout the purchase process. This protects the consumer in many ways. If you are a consumer selling your policy you can feel comfortable that:
• All information you provide remains confidential, is compliant with HIPAA laws and remains secure.
• When dealing with reputable brokers, you can be sure that the ultimate owner of your policy will be a bank, fund or institution, not an individual or group of individuals.
• You will receive all of your money due you in the transaction, as escrow agents are used to make sure you are paid and that the transfer of your policy takes place in a timely manner.
Insurance companies will have you believe that life settlements are bad, that the people involved in life settlement transactions have reputational deficiencies and that one might be cheated in a life settlement transaction. This is simply an untruth and does not serve you, as a consumer, in getting the most value out of an asset you have the legal right to sell.
Life settlements are legal.
Professionals who deal in life settlements are licensed where required.
And, like in any business – do research before dealing with a specific company.
Call Settlements For Life for more information about how you can get the cash you need from your life insurance policy.
Settlements For Life, LLC Professional National Broker Since 2003
Enhancing The Value Of Your Life
877-588-5558
