If you are over 65 or living with a serious illness a life settlement may be a welcome financial alternative for you. A life settlement gives you a lump sum payment and frees you from the obligation of paying life insurance premiums.
Policy amounts and payouts differ, making it impossible to set a standard amount. However Life Insurance Settlements Inc represents you in this transaction to ensure that you receive the highest possible settlement.
Funds are released from escrow within 72 hours of the buyer’s receipt of confirmation of change of ownership and beneficiary rights from the insurance company.
Life insurance policies are purchased by licensed life insurance provider companies who are interested in buying a variety of assets to balance their investment portfolios.
Anyone over age 65 or who is living with a serious illness that no longer needs their life insurance policy.
Universal Life, Whole Life, Term and Convertible Term Life policies issued by U.S.-based insurance companies. Joint and second-to-die policies are eligible as well.
Generally, a policy with a face value of $50,000 or higher may qualify.
No, once the policy is sold, you have no future premium obligations whatsoever.
Some life settlement offers allow you to maintain a portion of the insurance coverage. Please call LIS to discuss this option.
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Our experienced team has the ability to make the funding sources compete, ensuring our clients the highest possible offer for their valuable assets.