For many people, life insurance premiums become unaffordable or are no longer necessary. Life Settlement can provide the flexibility seniors need to make this valuable asset work for them.
With the first Boomer & Better Expo taking place on November 11 & 12 in Las Cruces, NM, Life Settlement triggers more interest than ever. Yet, few really know what it refers to.
For many people, life insurance premiums become unaffordable or are no longer necessary. Life Settlement can provide the flexibility seniors need to make this valuable asset work FOR them.
Life Settlement solutions help seniors in selling their life insurance policy for a cash settlement. Unlike surrendering their policy with the insurance company, a Life Settlement can offer seniors significantly more money now that they can use to help realize their dreams.
Life Settlement is an easy and effective method to capitalize now on the enormous value of seniors’ life insurance policy. They then use their money to pay debt, offset stock market losses, or purchase items they’ve always dreamed of.
A life settlement is selling seniors’ life insurance policy for a cash settlement. This may sound like surrendering their policy with the insurance company, however it is quite different. A Life Settlement gives seniors more money than the insurance company. Life Settlement provides more money because it uses factors like your age, health, and premiums to decide what seniors policy is worth. Also, a number of life settlement companies are given the opportunity to purchase seniors’ life insurance policy. This competition generates cash settlements that are much more money than taking their surrender value. In the end policy holders end up with the true market value of their life insurance policy.
The bottom line is life settlements equal more money than seniors’ insurance company will give them, every time.
Underwriting begins after the broker receives the client’s medical records, a completed appraisal form, and a copy of the life insurance policy. Approximately two weeks after receiving this information the broker begins bid negotiation for seniors’ policy*. Within that week, the broker will contact the client to present current offers. After an offer is accepted, seniors will be presented with a purchase contract and change forms to begin the closing process of their life settlement. The change forms are then submitted to the insurance company and then once the escrow firm receives confirmation of the transfer of their policy’s ownership, a check or wire transfer will be made within two business days**.
*The underwriting time table can vary depending on the responsiveness of seniors’ life insurance company.
**The average transfer of policy ownership takes seven days depending on the responsiveness of seniors’ life insurance company.
Brokers make it easy, so seniors can stay focused on running their business.
People take part in a life settlement for a number of reasons. The two most common reasons are because the life insurance policy is no longer needed or the premiums have become unaffordable. Other reasons include to offset stock market losses, complete a 1035 exchange, or cover the cost of debt caused by any number reasons.
The broker provides the knowledge and experience to help seniors receive the full market value for their policy. The broker will help them turn their policy into cash.
Why should seniors consider a life settlement?
• ; ; ; They will receive more money than a cash surrender value.
• ; ; ; They can eliminate unaffordable life insurance premiums.
• ; ; ; They can effectively sell a life insurance policy that is no longer needed.
• ; ; ; To watch the beneficiaries of their life insurance policy enjoy the proceeds of your life settlement now.
This service is most successful if…
• ; ; ; The insured is over 65 years of age
• ; ; ; The insured has health conditions that limit his/her life expectancy.
• ; ; ; The life insurance policy has a face amount greater than $100,000.
• ; ; ; The life insurance policy has been in force for two years or more.
On average, EquityImprovement.com’s broker gets 3 times the cash surrender value of clients’ Life Insurance Policy.
For further information contact:
O. H. Merenda, VIATRUST Independent Advisor
Equity Improvement™
Las Cruces, NM
Fax: 1(501)638-2038
Website: www.EquityImprovement.com
Company: dba Equity Improvement
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