Life Settlements

"Life Settlements are transforming the way that the financial planning industry views life insurance.  A once dormant future benefit is now recognized as a liquid asset with a present-day value."

Insurance Marketing Magazine

Whether you call it a Senior Settlement, Lifetime Settlement, or High Net Worth Transaction - Life Settlements have become a very important factor in the estate planning process for seniors.  Prior to the Life Settlement Industry, if a senior owned a policy that was no longer wanted, needed or affordable, there was no option but to lapse, cancel, or surrender the policy back to the carrier for the cash surrender value.  Life settlements allow qualified policy owners to liquidate a policy for an amount much higher than the cash surrender value.  Then, these seniors can take advantage of important financial opportunities using the proceeds of an unwanted, unaffordable or obsolete life insurance policy. >>

BENEFITS TO POLICY OWNERS:

  • Relief of monthly premium expenses
  • Additional funds to supplement retirement income
  • Higher cash payout than the cash surrender value
  • Funds to seek treatments not covered by health insurance
  • Generate profit from a non-performing & often worthless asset
  • Alternative funding for LTC policies, annuities or other investments >>

 

KEY FACTORS

  1. Completed application.  Our application must be completed in full.  It is also required that the policy owner and insured complete our Release of Information Form.  This form allows us to contact doctors and insurance companies to request the necessary documentation required to determine qualification status.  Please also remember to submit a copy of the life insurance policy. >>

QUALIFICATION REQUIREMENTS 

The qualifications for a life settlement transaction differ from purchaser to purchaser in much the same way as the underwriting criteria for life insurance companies.  Table ratings can differ from carrier to carrier and so can a life expectancy in this business. >>.

LIFE SETTLEMENT - QUALIFICATION GUIDELINES
  1. Life Insurance:
  • Policy must be at least 2 years old - only non-contestable life insurance policies are considered.
  • Life Insurance Carrier must be rated B+ or better. >>

 

Glossary >>

CASE STUDIES

Welcome Funds Inc. has negotiated millions of dollars in life settlement proceeds for senior policyholders.  These seniors have used the funds to offset living expenses, improve their quality of life after retirement, pay for health care expenses and assisted living stays, purchase vacation homes, and fund alternative financial planning products like annuities, long term care insurance and even replacement life insurance coverage.  In each case, a life settlement was much more financially beneficial than lapsing, canceling or surrendering the policy.>>

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