We understand that for many, the idea of a Life Settlement is something completely new. So our goal is for this page to be as informative as possible so that you come away feeling like you understand the basic concept of a Life Settlement. However, sometimes there’s just no substitute for personal interaction. So if you have questions or concerns about anything at all, please don’t hesitate to Contact Us.
If you are unfamiliar with the concept of a Life Settlement, it is our pleasure to help you learn more about this powerful financial tool. Basically, a Life Settlement allows you to convert your life insurance policy into cash.
Typically, if you would like to sell your policy, a licensed life insurance settlement provider (a buyer) will purchase the policy from you and take over the premium payments. This person will then also become the beneficiary of that policy. You are afterwards released from any further obligations and are free to use the money from your settlement for anything you choose
As all insurance policyholders know, the primary reason for having a policy in the first place is to protect their loved ones and assets. But many find that by the time they’ve reached retirement age, that very purpose has been realized and their policy is no longer useful to them. At this point, it essentially becomes a “dormant asset.”
Retirement is an exciting time that often opens doors to many opportunities and sometimes even a whole new set of priorities.
Retirees may want to pay off their mortgage or see their children or grandchildren through college. They may even want to travel the world. But instead of being free to invest in any of those things, a large amount of their funds is being directed toward premiums for an under-performing investment.
Freeing up the money and eliminating these premiums creates greater financial freedom and countless new options for you and your family.
