Selling or transferring a life insurance policy for a cash settlement is a growing market designed to provide a solution for many life policyholders. Viatical or life option transfers are available to people who qualify. There are many reasons why someone may want to sell an insurance policy, get a quote or transfer it for a cash settlement.
FAST HELP AND QUOTE FORM - Ask our experts to help see what your issue is worth and how to sell it.
What is a Life Settlement?
A life settlement is the sale of a life insurance policy - usually insuring the life of an individual age 55 (age varies and we have a market for even younger) or older to a 3rd party for an amount greater than the cash surrender value.
These transfer settlements allow the owner to obtain a cash payment while the new owner assumes the right to the policy.
Reasons to consider viatical life options or to sell a policy.
They include:
The life insurance policy is no longer needed or wanted
The premium payments have become unaffordable and they are considering surrender of the policy for cash value
Insured qualifies for a new life issue which is more affordable than old policy
The issue was taken out by a business to insure a key employee, and the business no longer needs the coverage it provides
The insurance policy is about to lapse
Change in estate planning and financial circumstances have changed and there is a need for cash now to
cover a major purchase or improve
quality of life and change in life circumstances
There are many reasons why someone should explore the cash settlement option to transfer a policy. These transactions are done all of the time. We are an expert training company and life settlement advisors. We help customers and brokers.
The most suitable to consider transferring or selling their life policy for cash
Most of the time, the age group should be people 55 and older and where the life insurance is worth $100,000 in face or more. In these cases, a sizable market may exist for someone to buy your issue and create a cash settlement option for you.
People are usually eligible to a lot more than any cash value the policy might have.
Life Option Case Studies - examples of viatical cash settlement amounts
A 75 year old man with term life insurance taken out many years ago was going to let the policy lapse. The insurance was no longer needed for the family protection it was originially intended for. Instead he sold the issue through a life option settlement and received $98,000 cash.
Get quote on what your policy is worth now. Answer 7 quick questions and see if it is worth 5 or 6 figure cash or more.
Sell Insurance Policy Quote and Help Form
Copyright 
2006 American Investment Training, Inc.
