A life settlement is the sale of an existing life insurance policy to a life settlement provider such as Settlement Group, Inc. A Life settlement is an option for policyholders who determine that their current policy is underperforming or is no longer needed due to changes in the owner’s circumstances. A life settlement, can give the policyholder the option to convert an unwanted life insurance policy into a lump sum settlement.
Anyone, seeking a life settlement should first talk with his or her insurance agent/consultant, financial professional and legal advisors. Generally, candidates for life settlements are 65 years of age or older and have owned a policy for more than two years. However, in certain circumstances the age may vary and be younger than 65. Every policy type including term, whole, universal, variable, joint survivorship, and group may be eligible and a brief discussion with a Settlement Group, Inc. professional will help you determine your eligibility and options. Policies may be owned individually, or through corporation, foundation, trust, non-profit organization or business.
With the opportunity of the secondary market for life insurance, eligible policyholders now have more choices than ever before. The benefits of a life settlement can be significant.
Change in estate planning need
To pay for healthcare costs
Stop unwanted premiums
Obtain more cash than the surrender value
To find out if you qualify for a life settlement, call 1-877-442-6684, or fill out the form below.