How Old Do You Need To Be To Sell Your Life Insurance?
One of the things that has become very popular in recent years is something known as a life settlement. There are companies that buy life insurance policies. This process is when you sell your life insurance policy in order to get the benefits of the policy before passing away. This has become popular because a […]
Who Can Sell Their Life Insurance Policy?
If you have been looking for extra cash, then you may be thinking about how you can do it. One way that is becoming incredibly popular is by selling your life insurance policy. Did you even know that you could do this? And who can actually take the time to sell their life insurance policy […]
What Is A Senior Life Settlement Anyway?
A senior life settlement is when seniors, usually between the ages of 65 and 79, decide to sell their existing life insurance policy to another party through the assistance of a broker for less than its net death benefit total and more than its surrender value that they would get in cash. A senior could […]
A Life Settlement Provides A Way To Enjoy Your Life Now
Retirement is supposed to be about living your life free of the hassles that plagued you prior to your retirement. But, due to tough economic times, medical bills and other issues, more and more senior citizens are finding their retirement to be a time of stress. An Option for Senior Citizens One option by which […]
When Can You Sell Your Life Insurance Policy?
Choosing to sell your life insurance policy can benefit if the payments are too big for your budget. You may want to consider selling all or a portion of your life insurance policy if your assets have decreased in value over time and your policy benefit is no longer needed. A life settlement advisor can […]
How Does Inflation Impact Life Insurance and Retirements?
Inflation continues to be a significant concern impacting the cost of food, utilities, fuel, and other items. Over time, your money won’t be able to buy as much as it used to due to the impact of inflation. Inflation can also have a negative effect on your life insurance rates and retirement investments. Finding ways […]
What is a Retained Death Benefit?
A retained death benefit enables a policy owner to keep part of his or her life insurance death benefit when they sell a larger portion of the policy on the life settlement secondary market. Once the insured person dies, the beneficiary will receive the retained percentage of the death benefit payout, while the life settlement […]
What is the Main Difference Between a Life Settlement and a Viatical Settlement?
Understanding the differences between a life settlement and a viatical settlement isn’t always easy if you don’t have any experience in the insurance industry. However, knowing these terms is key to helping you make the best decision for selling your life insurance policy, as either one of these options can provide you with immediate cash. […]
Can I Sell My Life Insurance Policy for Cash?
Selling your life insurance policy for cash is known as a life settlement, as it’s an excellent way to earn money for an unwanted policy. A life settlement is much more valuable than surrendering your policy back to your insurance company. You can work with a third-party buyer to sell your life insurance policy for […]
