If you are trying to sell back your life insurance policy, you will find that your insurance company may not make the highest offer to you. Insurance companies are limited to the amount of cash that they can offer you for your insurance policy. Can I Sell Back My Life Insurance Policy? Essentially, your cash …See More
Viatical Settlement
A viatical settlement could be a potential solution to financial distress which is all too often correlated to a terminal or chronic illness. A viatical settlement is when the terminally ill sell their life insurance policy to a third-party buyer of life insurance policies, for a cash settlement which is less than the death benefit. …See More
Sell My Life Insurance Policy
You can’t just say “Sell my life insurance policy” to someone and expect to get the most cash for your insurance policy. If someone tells you it is fast and easy to sell your life insurance policy, there is a good chance you are not going to get the most money for the sale of …See More
Enhanced Cash Surrender Value Offer
Guaranteed Universal Life (GUL) Guaranteed Universal Life contracts are the policies that life insurance companies are trying to get off the streets. The reason is that they are guaranteed to pay a death benefit to you, provided you pay the premiums that were stipulated when you bought your life insurance policy. It does not matter …See More
Life Settlement Broker Or Life Settlement Provider: The Financial Advisor’s Dilemma
Most Advisors rely on a life settlement broker to assist them in the sale of a life insurance policy, but some Advisors work directly with life insurance providers. Unlike with precious metals, stocks or bonds, there is no centralized exchange for Life Settlements. Every situation is unique because life insurance policies have different provisions, costs …See More
Florida Life Insurance Law Adds To Life Settlement Regulation
Life Insurance Companies in Florida can no longer suppress valuable information from Life Insurance policy owners. The Prohibited Insurance Acts Bill, or HB 1007, now forces Life Insurance companies to allow the disclosure of alternative options available to life insurance policy owners who are considering lapsing, surrendering, or canceling their Life Insurance policy. The …See More
Sell Your Life Insurance Policy? Why Would You?
Why would you sell your life insurance policy? Well, some studies state that more than 80 percent of life insurance policies never pay out a death benefit, others say as many as 80 percent of life insurance policies never pay out a death benefit. Either way, it’s safe to say that only around 20 percent of …See More
Things You Should Know Before Canceling Your Life Insurance Policy
If you are canceling a life insurance policy with a cash value, it is likely that you know what that value is. You pay into your life insurance policy over the years and there’s a cash value element and a cash surrender value element on some policies. In essence that’s the amount of money the insurance …See More
The Life Settlement Market & Buyers
Navigating the Life Settlement Market The life settlement market is simply a marketplace of life settlement buyers. Life settlement buyers are looking for life insurance policy owners that may benefit from the possibility of getting cash immediately. If you are a qualified candidate, you may find that selling your life insurance policy to a life …See More
The History of the Viatical Settlement
The viatical settlement industry developed in the 1980’s when people around the world started dying from AIDS. The history of viatical settlements can be traced back to a 1911 Supreme Court decision in Grigsby v. Russell that established that a life insurance policy is an asset.