Chris, 73, once bought an insurance policy to leave something for
his wife in case something happens to him, the bread-winner of the
house. His wife recently passed away and now, there are no
beneficiaries left since they have no kids together.
Chris has many questions to ask himself before he can commit to the
Life Settlement process even after he has weighed the alternatives to
the benefits it would provide.
Let's think about why Life Settlements would be right for him, regardless of its benefits. Below
are some questions that Chris should ask himself before transacting in
Life Settlements:
When you are 55 years of age or older
When a policy is lapsing or being surrendered
When there is no longer a need for the security that the policy provides
Premiums have become unaffordable
Funds are needed to pay for long-term care or health care costs
Financial hardships are present
When there is a need for new life insurance, annuities or long-term care
When the insured has outlived his or her beneficiaries
When there is an estate tax change
When a charitable organization that owns a donated policy no longer can maintain premium payments
When there is a change in the health status of the insured
When there is a liquidation of assets due to bankruptcy
When there is a retiring executive covered by a key-man policy
If you answered "yes" to any of the questions above, Like Chris, you should give Life Settlements some serious consideration.
Recent Settlements
80 Year Old Female
$400,000 Universal Life
$0 Surrender Value Paid: $68,000
66 Year Old Male
$1,500,000 Universal Life
$76,537 Surrender Value Paid: $265,000
56 Year Old Male
$1,500,000 Convertible Term Life
$0 Surrender Value Paid: $360,000
Disclosure Statement LiveSettlements.net is an independent, consumer-oriented web portal dedicated to educating seniors about life insurance settlements. Our goal is to enhance information flow between policyowners, agents, brokers, and life settlement providers in the rapidly growing industry of life settlements. While we do not engage in life settlements or soliciting life settlements, we voluntarily observe standard guidelines related to providing financial, insurance, tax and other advice related to life settlements.
80 Year Old Female