Policies that qualify for a Life Settlement would be Term, Whole, Universal, Variable, group or individual. Some types are more advantageous for Life Settlements, with the most advantageous being Universal Life and Variable Life.
Find out now if your policy qualifies, click here now.
WHO MAY QUALIFY FOR A LIFE INSURANCE SETTLEMENT?
Life Settlement Pro assists individuals in selling their policies who are 65 years of age or older, having life policies of $100,000 or more, that are no longer needed or desired. We will also consider life policies from individuals living with a serious illness, regardless of age. Purchase amounts are usually substantially more than the policy’s cash surrender value.
Apply for free to see if your policy qualifies for a life insurance settlement.
Not every applicant will qualify for a life Insurance settlement, however we have had tremendous success in securing offers for individuals who originally thought they would not. If you have questions or if you would like a free, no obligation, analysis please submit our easy online quote request form and one of our qualified representatives will contact you for a free consultation. You can also reach us toll free at 1-888-973-8377
Except in the rarest of occasions, there is no need for the insured to undergo any additional medical examination for a life settlement. Usually, the buyer can make a determination of the policy’s value based only on the insured’s general health condition and age, then measured against their life expectancy estimates.
Usually, a prospective buyer will ask the insured to sign some medical release forms and an application, so that they can pull all the past medical files and make a determination how long the insured is expected to live based on actuarial tables. The buyer will be required to keep the information confidential, and the buyer will first have to come to the insured for their written release to give the information to anybody.
After the policy has been sold, the buyer will have the right to occasionally check with the insured’s doctor to determine whether you are still alive. Some buyers will set up a system where they send the owner a postcard every six months or so, for the insured to sign and return.
Life Settlement Pro is your life insurance settlement solution, please contact us via or email or call us toll free at 1-88-973-8377.
The selling of a life insurance policy is a Senior Settlement. Individuals who own a life insurance policy but have no one they wish to have it pay to can sell the policy to a company that will give them money to use while alive in exchange for becoming the recipient on their life insurance policy. Senior Settlements can provide individuals with either lump sum payments or structured payments depending on how the contract is negotiated.
There are many companies that provide Senior Settlements so it is worthwhile to shop around in order to assure your self the best possible deal. A Senior Settlement can provide you with much needed money for health care or cash to spend how you choose. You can receive a free settlement evaluation today.
We can answer any question about your individual senior life settlement solution, please call toll free at 1-888-973-8377.
Q. Exactly what is a senior settlement?
A. A senior settlement is the sale of a life insurance policy insuring the life of a senior citizen in return for a lump-sum of cash that is in excess of the policy’s available cash values. The Senior Settlement will be less than the death benefit, but more than the cash surrender value.
A senior settlement is also called a senior life settlement.
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