One of the many positive features of Senior Life Settlements is the money may be used for any purposes, without disclosure. Some policy owners use the money to buy a second home, take major vacations, make gifts, and generally take it a bit easier. Sometimes they also want to become debt-free, assist aged parents, get a better car, help a charity. A few want to buy new life insurance and have the best of both worlds. Those who want at least $5 million might qualify for premium financing.
One important Senior Life Settlements strategy is to have all policies evaluated at the same time. In this fashion, each policy will receive its own set of bids, and the policy owner can decide which to sell and which to keep, or possibly get a package deal for them all. Each is a piece of property, similar to real estate in many ways.
Determining each policy’s true market value is a logical and confidential process. The first step is to complete an application, without cost or obligation. Then, the Insured’s medical records are obtained, and sent to a lifespan appraisal company. The insurance company verifies policy details and develops illustrations. All this information is shared with licensed Senior Life Settlements Funders, who then place competitive bids. If an offer is accepted, the Funder overnights a closing package to the policy owner, and funding takes place after all paperwork has been approved and processed. “The numbers will tell the policy owner what to do; there’s never any pressure to sell.”
Contact us today at 1-888-973-8377 to begin the application process.
