What Is the Process for a Life Insurance Settlement?

What Is the Process for a Life Insurance Settlement?

Selling one’s life insurance policy for a life settlement is a good decision if the insured has been diagnosed with a terminal illness or their existing policy isn’t performing as expected, and once you’ve decided that selling your life insurance policy for a life settlement is a good idea, you’ll need to go through the transaction process to make it happen. The information provided below helps to explain this transaction process. Application After choosing the…

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What Is Equity-indexed Universal Life Insurance?

What Is Equity-indexed Universal Life Insurance?

Equity-indexed life insurance (EIUL) is a newer form of universal life, which combines elements of variable insurance into the mix. Most EIUL policies, unlike traditional universal life, have two separate accounts that can be used to credit interest. One account has a fixed interest rate that is declared by the insurance issuer, periodically. The other provides an equity option, which offers you the opportunity to benefit from positive equity/stock market returns.

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Spotlight on: Life Settlements

Spotlight on: Life Settlements

Before you let that old, unwanted life insurance policy lapse, it may be wise to check all of your options.  Better yet, check to see if your policy could be sold for cash to investors.  You could have a pleasant surprise ahead. What is a Life Settlement? The process of selling an unwanted or unneeded life insurance policy is called life settlement.  The amount you will receive will be less than the face value but…

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When To Sell Insurance Through Viatical or Life Settlement

When To Sell Insurance Through Viatical or Life Settlement

What are some tips to consider prior to selling a life insurance policy through a viatical or life settlement?

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How Do Viatical Life Insurance Settlements Work?

How Do Viatical Life Insurance Settlements Work?

People living with a terminal illness are often faced with very tough financial decisions, and selling their life insurance policy for a viatical settlement can help ease some financial worry. It was originally intended for AIDS patients to have early access to their life insurance policies, but has expanded to include other conditions such as cancer, heart disease, and any other life-threatening illness.

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