Fortify Your Independence with Life Settlements
Cash Life Settlement Services
What is a Life Settlement?
A life settlement is when an existing insurance policy is sold to a third party for a one-time cash payment, which is more than the surrender value but less than the death benefit. When you purchase the policy, you become the beneficiary and assume premium payments. When the insured dies, you receive the death benefit.
Why Life Settlements?
- Cash payment is tax-free for most policyholders—good news for your client!
- Life settlements are a good way for you client to supplement their retirement income
- As long as you continue premium payments, you receive the entire death benefit when the insured party dies
- Particularly effective if your client can’t afford to keep making premium payments. By purchasing a life settlement, you help your client out while preventing a valuable policy to lapse
- Good source of funds when your client experiences an emergency or unexpected expenses and needs money fast
- Works with key man policies for executives who no longer work for the company. Allows the company to cash out on a previously illiquid policy
- Life settlements generally net the seller more than the policy’s surrender value, but less than the death benefit
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