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…Read More
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…Read More
What are some tips to consider prior to selling a life insurance policy through a viatical or life settlement?Read More
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.Read More
While a growing number of Americans are purchasing life insurance policies, many more are selling such coverage through life settlements, according to the latest AmritaLife Settlement Index.
A life settlement is often a more profitable approach to cashing out on your coverage than selling it back to your original lender. Many investors in such policies are actually insurance agents and receive substantial financial benefits when the policyholder dies.Read More
Insurance policyholders may have the option to sell their life insurance policy to investors, which can be extremely beneficial if they need cash.Read More
For the second time in less than a year, the controversial life settlement industry has come under investigation from a major Massachusetts state agency.Read More