Posted by The Policy Settlement Alliance on Fri, Aug 13, 2010 @ 07:29 AM
By Michael H. Wilner
Life settlement insurance policies are policies that may be sold to investors for a cash settlement payable to the policyholder. Many seniors own life insurance policies that are no longer needed or are no longer affordable. Life settlement insurance policies need to meet certain requirements for an offer to be made.
If you are a policyholder who is considering cashing in your life insurance policy for the cash surrender value or have a policy that will lapse worthless you should consider doing some research to see if your policy may qualify for a settlement.
According to a survey by the life settlement association life settlement policies have paid a settlement of 7 to 12 times the cash surrender value of the policy. Many times life settlement insurance policies have paid a settlement to the policyholder where the policy has no cash surrender value.
In order for a settlement offer to be made a review of your existing policy including the cost of insurance and your life expectancy have to be completed. Please click on the link LIVEpdq for help with your life settlement questions.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Mon, Jun 28, 2010 @ 09:11 PM
By Stephen A. Bailey
Life settlement insurance policies, what are they? Are they specific polices that you buy so you can later sell on the secondary market? No, any life insurance policies {in a certain category} can become life settlement insurance policies...or, a life insurance policy that you, as the owner and insured, can put up for sale. Usually the reasons are that there is no further need, due to the intended use of that policy may no longer be valid. It may have been set aside for estate taxes or replacement of income while you were working, or just simple estate liquidity for debt and final expenses.
Life insurance today is a great asset to say carry on your legacy or take care of your family. But there are times when the need just somehow went away. Maybe you outlived your spouse or went through a divorce or your kids all all grown and doing well on their own.
So now you need additional retirement money, or you just cannot afford that premium anymore. Your policy, if you are 70+ years of age and have at least $250,000 dollars of coverage, could turn out to be a much needed asset for you to carry on.
Click the LivePDQ for more information on life settlement insurance policies.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Mon, Jun 28, 2010 @ 09:10 PM
By
Stephen P Turtur
Life settlement insurance policies
refers to life insurance policies that are on the market for sale. The fact that an insured/owner no longer has to wait until death for benefit, creates a net present value for life insurance policies in certain instances. These instances pertain to age, medical condition of the insured and the actual policy costs. Life settlement insurance policies usually can fall into two categories, one simply an age and life expectancy measurement and two a medical complication, determining life expectancy. The market today is moving rather well for policies that are on a life or insured that is 74 and up. If there are medical complications that may sway life expectancy then younger aged insureds can also do very well in the market. Instances where a policies costs are very low due to the time of in force coverage, makes these types of policies very marketable. I have been involved in cases where a life expectancy reports were very long in duration to the negative for a policy value;however, the policy costs were very low and the sale was possible. Life settlement insurance policies tend to give many surprises along path of determining value and it is my advise that providing as much information as possible to this financial exercise, may yield very nice results. I do advise utilizing the services of an agent that is experienced in this area to help you obtain results.
Please get started and click on
livepdq
Posted by Alice Hood on Mon, Jun 28, 2010 @ 09:10 PM
By Phillip J Powell
Life settlement insurance policies
come in many different forms of life insurance. The most important feature of life settlement insurance policies is that the policies have to be for individuals not for groups. The insurance policies were initially intended for a policy owners wife, children, beneficiaries, or from a buy sell agreement from a business partnership.
The type of insurance policies that fit the model for life settlement insurance policies are whole life, universal life, term and term sensitive whole life and many other by products of variable life. The variations of all of the life insurance products drop down to term life insurance bottom line costs. All insurance policies are term products with an optional cash value that builds up inside of the policy which is very popular for tax deferred growth.
Many people that have convertible term insurance that for example pay $8000 a month that are 70 years or older that are sick but not sick enough to die that are facing increasing insurance rates have an alternative. As long as the term insurance is convertible and the insurance has been converted these policies are very attractive.
The producer is really excited because he is usually going to get paid twice for converting the policy from term to whole life and he is usually paid off the sale of the policy. This also gives the producer flexibility to make sure that he is able to cater the deal to best benefit the insured.
For more information please go to LivePDQ.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Mon, Jun 28, 2010 @ 08:47 PM
By Paul K Arbo
With the growing market for life settlement insurance policies questions arise about how the value of a contract is derived and which policy type - Permanent or Term - is worth more money. The answer is not as easy as it might seem on the surface.
Term insurance is priced according to the age of the insured; younger insureds have low premiums and longer life expectancies while older insureds have very high premiums and shorter life expectancies; there is no cash value, therefore premiums increase with age. The amount of money which would be paid for life insurance settlement policies which are Term insurance would be low for an older client in good health but higher for an older client in poor health. The market for life settlement insurance policies for younger insureds with Term insurance is minimal.
Permanent insurance policies have a level premium for the life of the contract so they are more attractive as life settlement insurance policies because the purchaser can estimate the ongoing premium requirements to maintain coverage until the death of the insured. The value of a Permanent policy with good cash value, relatively low premiums and an older insured in poor health is much higher than a policy on an older insured in excellent health with modest cash value and a high premium.
For more information on how to value your life insurance policy pleas click on this link LIVEpdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Mon, Jun 28, 2010 @ 08:17 PM
By Michael P Perog
Life Settlement Insurance Policies
are very valuable assets in a senior’s estate. When you are over age 70, it makes sense to contact a broker like us who understand Life Settlement Insurance Policies true value and how to correctly access that value.
As a qualified licensed life settlement broker we understand:
- How to correctly evaluate the value of your policy quickly.
- We are willing to take the time to order life expectancy reports and other medical information necessary to compile your files.
- Due to our time in the industry we have the relationships to shop your case to get the highest price for you and your family.
- A track record to get the case closed and get you paid your profits effectively.
Please take the time to learn more about your Life Settlement Insurance Policies value in the market place. Click on the Livepdq Link and visit us today.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Mon, Jun 28, 2010 @ 08:09 PM
By Paul K Arbo
When buyers analyze life settlement insurance policies to determine how much they are willing to pay for them they look at several very important factors. The different types of life settlement insurance policies can range from Term Insurance, which does not have any cash value and the premium increases with the age of the insured, to Permanent Insurance, which typically has cash value and the premiums are level for the duration of the policy. Both are considered life settlement insurance policies which are worth buying in the secondary market. The issue which receives the most scrutiny, when analyzing life settlement insurance policies, is what the potential cost will be for the buyer to keep coverage in force until the insured dies. The lower the cost to keep the insurance policies in force the higher the price a buyer will pay for the contract. The higher the cost to keep the insurance policies in force until a claim is paid the lower the price a buyer will pay. For potential sellers of their insurance policies it is vital to know how much they would receive in the sale of their insurance policies before the transaction is finalized.
The best way to estimate the value of their insurance policies would be to answer a few easy questions here LIVEpdq
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Mon, Jun 28, 2010 @ 08:07 PM
By Paul K. Arbo
By now there is a lot of interest in life settlement insurance policies but there isn't a lot of information about how these policies are evaluated or why some of these policies are more valuable than others.
To review, life settlement insurance policies are life insurance contracts which somebody bought but they no longer want the death benefit to go to their heirs. The reasons vary but most frequently the owner of the insurance cannot afford the premium, or their health has deteriorated and they need cash today or the intended beneficiary pre-deceased them and insurance is no longer needed. Regardless of the reason, the value of life settlement insurance policies is determined by a combination of the following factors: age of the insured, face amount of the policy to be sold, the type of policy to be sold, the premium of the policy, the cash value (if any) and the health of the insured. When an underwriter calculates the value of a life settlement he will offer more money for a policy whose owner is 75+ years old and in failing health than they would offer for a policy of a healthy 60 year old with the same face amount.
To learn more about how to value your policy click LIVEpdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Mon, Jun 28, 2010 @ 06:59 PM
By Stephen R. Bathon, CLU, ChFC, AEP
One of the questions most often asked is, which life settlement insurance policies
are the easiest to sell? Assuming that a seller is above age 70 and not in perfect health, these are a few things to look for when thinking about a sale.
1) Policies that do not have a large cash value. If the contract does have a large cash value it is usually advisable to take that cash out of the contract before the sale is made.
2) A policy with a death benefit (face amount) greater than $250,000. The settlement process is time consuming and smaller are policies generally not profitable enough for a buyer to spend a great deal of time on. There are, however, exceptions to this rule.
3) Non-variable universal life contracts. Variable life contracts are investments that come under the control of the NASD. There is a market, but they require special licensing and they are more difficult to administer.
4) Contracts on a single life. Joint life policies require two people to die and have limited appeal to the settlement market. There are brokers who will buy these contracts, but they are priced accordingly.
5) Term insurance that is convertible to permanent insurance at a favorable rate, or term that has a significant numbers of years left under its current preferred or standard premium.
6) Corporate owned contracts like Key-man or deferred compensation, where the retiring employee has the right to purchase the contract and has no need for the insurance can qualify as life settlement insurance policies.
All of the above are examples of life settlement insurance policies being considered by settlement brokers. If you have life settlement insurance policies and you need more information, please click on the LIVEpdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Mon, Jun 28, 2010 @ 06:52 PM
By Stephen A. Bailey
Life settlement insurance policies - are they special policies for settlement purposes? Not exactly. They are life insurance policies, they can be term, whole life, universal life or variable life, but all are life insurance policies and normally they need to be a million dollar policy on someone aged 70 or more. There is a category of smaller settlements which range from $250,000 to $1,000,000.
Life settlement insurance policies now are usually bought in funds. They are portfolios of life insurance settlement policies, usually many policies in fund, run by larger institutions and making the investment a safer, more reliable and steady source of income into the bottom line. A few organizations, trusted in my opinion even more than many of the larger institutions because they have grown up in the business with more expertise, have survived the many small agencies that tried to survive in the early years. Word of mouth means something and four or five respected organizations now exist that can be more personal, and meaningful to the client than the very large institutions.
Why is it important to mention the above in reference to what qualifies as a life insurance settlement policies? It is not enough to know you have a product that investors want. But it is important that you know where to go to sell a policy that is unwanted, and unaffordable and unneeded.
For more information click Live Pdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.