Life Settlements
Do you have an old insurance policy that you are currently paying premiums on but no longer need or wish to keep? Do you want to surrender the policy, but the cash value is so low you would not receive much back, possibly not even the premiums you have paid in to date?
We have one possible solution! You can have our experienced underwriters take your old policy to the life settlement market place where companies who specialize in this industry will “buy” your policy from you. The sale price is negotiated. It will depend on such factors as the death benefit of the policy, the insured’s age, current medical health and type of plan. The amount an individual receives from one of these companies can vary greatly and it takes an underwriter, experienced with the life settlement markets to get you the best price.
Example:
John Client (age 75) has a $5,000,000 life insurance policy that he has paid premiums on for seven years. If he cashes the policy in, he will receive $200,000 from the cash value. Getting quotes from multiple life settlement companies, he finds he may be able to “sell” his policy for anywhere between $250,000 to $1,000,000 instead.
Contact us for a complementary, no obligation assessment of your capability to qualify for financing of your life insurance premiums.