What is a Life Settlement?

What is a life settlement?

A life settlement is a cash settlement obtained through the sale of your existing life insurance policy. A life insurance settlement involves selling an existing life insurance policy to a third party company outside of the insurance company that previously issued the policy. In the past, individuals would have has to surrender their policies or wait for them to lapse in order to get out of their life insurance policies.

How it works

With Life Settlements, individuals can now attain the maximum value of a policy owner’s existing life insurance policy and repurpose those funds for whatever financial needs they may have. By utilizing the services of Life Insurance Settlement Inc. your life insurance policy, or the policy of your client will be submitted through the secondary market.

Buyers will pay the insurance premiums until the final benefit is collected. In exchange, the policyholder is unburdened from having to pay monthly premiums and receives an upfront cash value greater than the cash surrender value their life insurance company could have provided. Selling a life insurance policy is just like selling any other piece of property; the asset can be leveraged to give the policyholder an immediate cash return.

More money to you!

Each new offer generated through this process results in more money for your client, thereby providing a greater financial portfolio for the broker to manage as the policyholder’s trusted financial advisor or agent.

Life Insurance Settlement Inc. will broker an existing policy for an amount greater than the policy’s cash surrender value, or greater than the amount the policy owner would receive if they choose to allow the policy to lapse. In most cases, the policy being considered for sale is not performing to the expectations of the policyholder. Sometimes, the original need for the policy has changed, and the premiums to keep it current have become a financial burden.

Let us help you get the most from your Policy.

When selecting a life settlement broker the most important thing to consider is entrusting a licensed professional that has the financial duty of representing your needs. Over the last decade Life Settlements Inc. has been the number one choice for thousands of policyholders, insurance agents and financial professionals.

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