Life insurance settlements enable seniors and the terminally ill to sell existing life insurance policies for sums that exceed their cash surrender values. This type of transaction is growing in popularity among seniors wishing to turn non-performing insurance investments into more immediate financial gains.

A life settlement is a simple option, all that is required by the policy holder is a completed application. After the application is complete we will be able to determine if a settlement is available and the amount of the settlement. There is never any costs, obligations, medical visits, or medicals physicals. Call 1-888-973-8377 today.

Life Insurance and financial professionals who would like to get in the Life Settlement Marketplace now have an opportunity.

Life Settlement Pro is working with agents nationwide to assist them with their client’s unwanted, un-needed, or changing life insurance policy needs. We recommend to our agents that they should evaluate their client’s life insurance policy at least once every two years.

There is never an obligation or cost for you to get a policy analysis to see if a life settlement option is available and and what amount might be available. The insurance marketplace is very competitive between carriers which enable a savvy agent to save their clients money on new coverages. Then, the opportunity exists to market the unwanted policy in the secondary market.

Call 1-888-973-8377 to speak with a Life Settlement Professional today. We will assist with educational matieral, life settlement marketing material, and provide support throughout the process.

Once you have decided that you want to sell your life insurance policy, the first step is to find potential buyers.

Contact your state Department of Insurance to see if viatical or life settlement companies have to be licensed in your state. If so, they will provide you a list of licensed companies. If not, the association website below lists its members, and a web-search for “life settlements” will direct you to many companies. Call Life Settlement Pro at 1-888-973-8377.

Contact several of these companies and briefly describe your policy and your medical condition. Those that are interested will send you paperwork to complete.

Note that most of these companies, especially brokers, will tell you that they survey the market so you don’t need to. I strongly recommend that you submit the information to more than one company. There is no way to judge the value of your policy given your medical condition except to see what the market is willing to pay for it. You need to get several bids to help determine the market value of your policy.

Once you have decided which companies you are going to consider, contact your state Department of Insurance, the state Attorney General’s office, and the Better Business Bureau to see if there have been complaints filed against them.

Upon submitting the initial paperwork to the settlement company, they will:

•Obtain your medical records for review and estimate your life expectancy.
•Confirm the existence and details of your policy with the insurance company.
•Require the current beneficiary to acknowledge the beneficiary change and agree not to challenge it.

Many Americans are concerned about their personal financial future in an uncertain economy that the US has experienced recently. Life settlements or senior settlements, have become important alternatives for unlocking embedded value in investments in life insurance.

It is a little known fact that policies insuring those age 65 and over can be sold. Policies bought years before that have now lost their utility can be sold, generally for more than cash value.

Many senior citizens will be pleasantly relieved to know that they can now receive the money while still alive, possibly tax free, and that they will not have to make any more policy premium payments.

Call 1-888-973-8377 to speak with a Life Settlement Professional.