A life settlement can be the perfect way to get cash one needs from an asset that is no longer needed or wanted; a life insurance policy.
It is perfectly legal for one to sell their life insurance policy and as a consumer most states have licensing requirements and laws that provide protection to consumers in a senior settlement transaction.
A few things a consumer should consider are:
· It might be possible to get significant cash from the sale of one’s life insurance policy; and in many cases multiple times more than one could get from cashing in their policy and letting their policy lapse.
· Life insurance carriers, in most cases, do not advise, or let their agents advise a consumer that a life settlement, or sale of one’s policy might be a good alternative to cashing in one’s policy.
· A life settlement transaction is completely safe. Reputable buyers deal only with institutional funds and servicing agents. In most cases the actual buyer and new owner of a policy never actually knows whose life insurance policy they own.
It’s ok – if you no longer need or want your life insurance policy, check with a reputable life settlement broker like Settlements For Life to discuss your options. At Settlements For Life you can discuss your options with our President and Founder, Ronnie Katz, a CPA, to see if the sale of your life insurance policy is right for you.
SETTLEMENTS FOR LIFE
ENHANCING THE VALUE OF YOUR LIFE
National Life Settlement Broker Since 2003
