THE BENEFITS OF A LIFE SETTLEMENT
One of the most appealing benefits of a Life Settlement is found in the flexibility that a person gains once they receive their settlement and are freed of expensive policy premiums sapping any more of their wealth. In a world full of uncertainty, the future is opaque and it is impossible to foresee all changes in circumstance. Often those who find themselves in need of extra funds resort to conventional loans, sometimes in the form of a second mortgage. Life Settlements provide an alternative liquidity source. A Life Settlement does not need to be paid back and wont tap into your home’s equity like second mortgages or reverse mortgages do.
Discover the financial potential of a Life Settlement.
Consider your options
If your life insurance needs have changed and the policy has outlived its usefulness, you are faced with 4 options:
- Continue paying the costly premiums
- Let the policy lapse and lose your asset
- Surrender the policy back to the life insurance company for a fraction of its value.
- Sell the policy as a Life Settlement and receive a significant amount of cash in one lump sum