If your personal and financial situation has changed and you find that your life insurance policy is no longer equipped to benefit you, wouldn’t it be nice to be free from the burden of paying the high premiums associated with the policy? At Life Insurance Settlements Inc, we represent you. Our team of industry experts will simplify the process for you and secure the highest possible offer for your life insurance policy. We can help you sell term life insurance online or in person. Call us today or click here to your free life settlement quote. Your free, non-binding appraisal is right around the corner. Find out if you qualify for a life settlement with Life Insurance Settlements Inc.
Do I qualify for a Life Settlement?
Qualify for the Best Life Settlement Possible Today
Life settlements may vary based on qualifications. Fill out the form below to see if you qualify for a life insurance settlement and calculate how much your life settlement is worth.
Life Settlement Qualifications
Over the years, the personal and financial circumstances of many elderly Americans can drastically change. This can be expected as our needs and priorities change as we grow older. However, what most individuals don’t account for is how their newly adapted financial circumstances affect their life insurance policy. For many individuals, the reason for investing in a life insurance policy all those years ago may no longer apply to their current situation--leaving them to pay for the premiums that no longer suit their needs. This is why discovering the face value of life insurance is vital for elderly people.
At Life Insurance Settlements Inc, we have the perfect solution for you. Instead of throwing your money away on a useless life insurance policy, our team of professionals can help you obtain a sumptuous lump sum payment in return for your policy. Selling term life insurance online just got became much easier with the help of Life Insurance Settlements Inc. By submitting your information above, you'll discover your life insurance cash value if you choose to cash out life insurance. Our life settlement experts will help determine the cash surrender value of your life insurance policy as soon as you are ready.
The qualifications for a life settlement varies as there are many factors that determine one’s eligibility for a life settlement. Below are the most important aspects that can indicate if you are an excellent candidate for a life settlement:
This size of your policy plays a very important role in its eligibility for a life settlement. Anything that’s less than $100,000 is unlikely to attract buyers from investing. In reality, the higher it is, the more qualified you are. The type of policy is also important to consider, as universal life policies and term life policies are the most commonly purchased. Typically, premium financed policies don’t normally qualify for life settlements since they have an additional investment risk.
To qualify for a life settlement, most candidates must be at least 65 years of age. However, there are certain circumstances that would allow you to qualify for a life settlement in you’re under this age requirement. If you are under 65 and are terminally ill with a two-year life expectancy, a viatical settlement would be the best option for you.
To be considered for a life settlement in exchange for your life insurance policy, the policy must be owned for a certain number of years. Depending on the state in which you reside in, this number varies. This rule in policy ownership is to prevent individuals from taking out a life insurance policy for the sole purpose of reselling it. Please note, exceptions can be made in light of divorce, retirement, death of a spouse, etc. These expectations are also dependent on the state you live in.