Posted by The Policy Settlement Alliance on Sat, Aug 14, 2010 @ 04:59 PM
By Edward E Leisher
A life insurance settlement can provide many different payment options for the seller. You can choose to receive your life insurance settlement payment in a lump sum cash payment or you can choose to receive the payment from various income options. If you are choosing an income option you can have the benefit of making monthly contributions to your income which can be put towards your day to day living expenses or you can choose to use the cash to help beef up retirement accounts.
Whatever type of payment you choose for your life insurance settlement; these different options allow the seller to increase monthly income, generate additional cash flow to already retired seniors or provide peace of mind and security for soon to be retired individuals. We have industry leaders waiting to speak with you about your current estate plan. To receive a free policy evaluation and to have one of our agents contact you click on LIVEpdq today!
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Wed, Aug 11, 2010 @ 09:19 AM
By Donald A. Sonn, PhD
A life insurance settlement is a sale or transfer of a life insurance policy by the policy’s owner. Typically, a policy is sold by someone is a senior citizen who does not have a life-threatening illness. Perhaps a policy premium has become too much of a burden for them to handle financially and they need extra money, or they need to make changes to their estate plans.
The policy owner will receive a cash amount, which is much greater than the actual cash surrender value of the policy but, less than the full amount of the death benefit on the policy. The amount received for the life insurance settlement can depend on various issues, such as the policy owner’s medical condition and the amount of the death benefit. Once sold, the settlement company becomes the policy’s new owner, and is responsible for paying future premiums on the policy, so this is also a factor in how much the cash amount will be.
Once the insured is deceased, the new owner of the policy receives the death benefit. Contact a life settlement broker to find out how much you can get. I will show you a secondary market where financial institutions compete to give you the highest possible payout and get you paid quickly.
If you would like additional information on a life insurance settlement please click on LIVEpdq at the top of the page.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Fri, Aug 06, 2010 @ 12:06 PM
By Paul K Arbo
A life insurance settlement involves the sale of an existing life insurance policy to a third party buyer for a lump sum of cash. The buyer will pay more for a policy in a life insurance settlement than the policy is worth if it were surrendered for its cash value. In exchange for paying a lump sum and being responsible for future premium payments the buyer is entitled to the death benefit. Who is a good a candidate for this type of transaction? Anybody who purchased life insurance, in order to benefit a surviving spouse, whose spouse has pre-deceased them is a prime example. Another is someone who bought a life insurance policy when they were gainfully employed, to protect against the loss of future earnings should they die before they saved enough money for retirement, who has made it to retirement so they do not need the coverage and they want to cut down on expenses during retirement would also benefit from a life insurance settlement. If you might be a candidate for a life settlement and are curious about how much money you might get for your policy just fill out a quick survey here: LIVEpdq
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Wed, Aug 04, 2010 @ 10:35 AM
By Stephen A. Bailey
A life insurance settlement is an option when have decided that you need additional income. If you are 70 years of age or older, have a one million dollar life insurance policy - or more, and need to sell that policy rather than lapse or surrender it for the current cash value, then you are probably a prime candidate for the secondary market of selling policies.
The market has never looked so good as it has now. The last two years has not looked so good because of the downed economy. The credit markets simply dried up. There are two sides to the life insurance settlement market, selling life insurance policies and buying life insurance policies through financing. The financing of life policies virtually dried up with no money for financing available. The money available for buying life policies, although available in limited quantities, was still affected and the entire market has been impacted.
Life insurance settlement money is returning rapidly though, and a surge in the availability is expected as funding sources are returning to what they used to be and more. The credit markets were not the only problem in regards to your opportunity to sell policies. Life Insurance companies are now cracking down on some life insurance advisors who had people take out life insurance policies with the sole intention of selling them. Many of the "investors" were private concerns and now the life insurance companies and state commissions have regulated that part of the market and are now enforcing rules against STOLI's - Stranger Owned Life Insurance...as it should be. For more information please click on LIVEpdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Fri, Jul 30, 2010 @ 04:12 PM
By
Ronald E. Ritter A
life insurance settlement can yield great returns for some senior citizens. When a life insurance policy is no longer needed often times a life settlement is the best solution. Generally they apply to someone who is 65+ and has decided not to retain their life insurance policy any longer.
The sale of a life insurance policy is a complex transaction and not to be entered into without the guidance of an experienced life insurance agent who has the experience in this highly specialized industry. The life insurance settlement involves life insurance agents, doctors, actuaries, lawyers and institutional investors.
The main thing to know is the timing of the sale of the policy and if the policy is still necessary to continue the best financial situation for the owner of the policy and the beneficiaries. There are many factors that make up the sale in the life settlement. These factors include the face amount, the expense, the health of the individual, and the timing in the transaction.
When a life insurance settlement occurs the funds and the policy are placed in escrow, very similar to the sale of a house and when all the documents are complete the funds are released. This makes it a safe transaction and protects both parties involved.
To see if you if you qualify for a life settlement and have your policy reviewed for free go to
LIVEpdq today!
Posted by The Policy Settlement Alliance on Fri, Jul 30, 2010 @ 03:20 PM
By Michael P. Perog
A life insurance settlement is when a 70+ year old has a universal life insurance policy that they no longer need the coverage for, so instead of making premium payments, they choose to sell the policy in the secondary market because they realize that the cash surrender value that is offered from the life insurance carrier is usually 30% less than they are able to get in the marketplace.
It is possible to sell your policy when you are over age 70, and earn a sizable amount of cash for your estate. Many of our clients choose a variety of different things to do with the lump sum of cash they will receive from the life insurance settlement. These include: Taking a special trip they have always planned or buying a unique asset, i.e. second home, boats, a trip around the world. Giving gifts to your children and grandchildren, i.e. pay for college. Purchasing an annuity that pays money over years while you’re alive, thus creating more cash flow. Giving funds to a charity to do good while you are alive. Purchasing smaller and lesser expensive insurance policies if that is what the estate needs.
To find out more information about a insurance life settlement please click on LIVEpdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Thu, Jul 29, 2010 @ 09:52 AM
By Stephen R. Bathon CLU, ChFC, AEP
A life insurance settlement is the sale of an existing life contract to a life settlement broker. The source of the original policy for the life insurance settlement could be a business contract like a buy-sell, key man or deferred compensation policy. A life settlement can also be done on a trust policy or an individually owned contract that is no longer needed or affordable.
People buy insurance for reasons that frequently change. Historically, when a policy is no longer needed, the owner simply lets it lapse, takes the remaining cash value or lets the policy run as long as it can with the available cash value.
A life insurance settlement is an alternative to just letting a policy go and can be far more profitable. Before you let your policy lapse, check out your alternatives at LIVEpdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Wed, Jul 28, 2010 @ 02:27 PM
By Ken Leisher
Life insurance settlement is a transaction that is a legal contract transferring the rights of ownership of a life insurance policy. A life insurance settlement gives the new owner the right to designate a benificiary of their choice regardless of who the benificiary was under the original owners direction.
A life insurance settlement is not an agreement that can circumvent irrevocable designations that were legally bound. Transferring ownership may require legal advice and may not be valid if the designated parties are not in agreement. Life settlement transactions must be within the parameters set forth within the laws of the jusidiction they are licensed and protected in.
Life settlement agreements provide for monetary relief or payment to the owner of the life insurance policy in exchange of current and future values in the contract including the death proceeds. Recognizing that the insured party may not be the owner of a ploicy can compromise the transaction if cooperation is not agreed with in advance. All confidential realeases of medical information must be signed by the insured.
to learn more click on LIVEpdq
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Wed, Jul 28, 2010 @ 02:16 PM
By Ronald C. Kerstetter
Life insurance settlement, is it good for me? Yes/No, each individual situation is different. Some questions you need to
ask yourself are:
Will the benefits from the life insurance settlement be greater than what the policy offers me by surrendering for the cash value or exchanging for an annuity?
- Is the life insurance death benefit still necessary or, do the reasons I bought it still exist.
- Will the life settlement help my company recover the cost of the insurance on retiring or exiting employees?
- Is it more effective to make a charitable gift of cash via a life settlement or give the policy outright?
- Will the life settlement provide a source of cash for immediate and urgent medical or lifestyle problems?
These are questions only you, your family and your financial advisors can answer. They are questions you need to ask when considering a life insurance settlement.
To learn more about a life settlement, please check out the LIVEpdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Fri, Jul 23, 2010 @ 04:50 PM
By Marlin E Leisher
A life insurance settlement may be the financial tool many seniors need to supplement their retirement income. Using the simplest definition, a financial liability is something that takes money out of your pocket, while an asset puts money in your pocket. Paying premiums on an unneeded or unwanted life insurance policy creates a liability and a drain on your finances.
Since many seniors are struggling to maintain their lifestyle during their retirement years, most are looking for ways to reduce their liabilities. In many cases, seniors will have to reduce thier lifestyle, use equity from their home, or sell family assets to make ends meet, all the while paying for a life insurance policy they no longer need.
A life insurance settlement is the sale of a policy for more than the cash surrender value. The final sale price for a policy will depend on several factors, to include the life expectancy of the client and the cost and type of the policy that is for sale. In the end, the lump sum of cash that comes from a life insurance settlement can be used for any purpose.
The most common purpose is to purchase an annuity, which will guarantee an amount of cash paid to the client, creating an income they cannot outlive. There are many ways to design the annuity payout, so it is really based on the needs of the client. However knowing that income will come in to supplement a retirement plan can give many seniors piece of mind in their retirement years.
Determine the value of your policy today. Use our online valuation tool LIVEpdq!
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.