Life Insurance Settlements Help American Consumers

September 18, 2011 by  
Filed under insurance

Life insurance settlement has become a popular option for policyholders wishing to obtain cash from the sale of their policy. This amount that is determined to be the value of the policy is dependent on the qualifications of the policy and the age and heath condition of the person insured. The potential advantages for the policyholder are numerous and may include: being able to afford more cost-effective life insurance, such as a survivorship policy, have cash available for various uses, including being able to give monetary gifts to family members and loved ones, have cash to give as donations to the charity of your choosing, establish a charity based remainder trust, remove a policy from an estate because of reduction in size or projected liability, or cash out above the surrender cash value of the policy.

For the corporate policy holder, the owned senior life settlement policies can be used as an asset or used for negotiations. Furthermore, the senior life settlements insurance investment can be used to pay for company debt. For the insurance or financial profession, new capital will be available for clients and you may be able to offer new, additional services and reduce lapse rates. Deciding to seel life insurance policies is an important decision. In order to be sure you are making the right choice, be sure to glean all the information you can beforehand. Be sure to get a life settlement quote and discuss your policy with a knowledgeable, experienced policy evaluator.

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