WHO MAY QUALIFY FOR A LIFE SETTLEMENT?
Some finance corporations assist 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.
If so, we can help you get a cash settlement for your life insurance and, at the same time, eliminate your expensive monthly premiums.
Here are some examples of individuals that have benefited from the sale of their life policies.
Case History 1
Client:
87-year-old male & 82 year old female.
Result: $2,300,000 second to die policy, minimal cash value.
The policy was no longer required. Insured utilized a life
settlement and received $300,000.00.
Case History 2
Client:
70-year-old male with health complications.
Result:
$1,000,000.00 policy with small cash value. Insured utilized a
life settlement and received $300,000.00.
Case History 3
Client:
73-year-old male with health issues.
Result: $500,000.00 policy. Insured sold the policy for
$105,000.00.
Case History 4
Client:
81-year-old male in relatively good health.
Result: $1,600,000.00 policy with an annual premium of
$76,000.00. Insured utilized a life settlement and received
$202,800.00.
Case History 5
Client:
78-year-old female in relatively good health.
Result: $1,000,000.00 policy with an annual premium of
$64,000.00. Insured utilized a life settlement and received
$160,000.00.
Case History 6
Client:
89-year-old female
Result: $2,000,000.00 policy with an annual premium of $110,000.00. Policy expires at age 95. Insured utilized a life settlement and received $325,000.00.
Not every applicant will qualify for a life 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.