Investing Guide: Build Wealth with Life Settlements
Earn up to 30% or More with Life Settlements
If you are 65 or older and have an unwanted life insurance policy, you may qualify for a life settlement to get cash now to help pay for essential expenses, such as medical bills and mortgage payments. A life settlement may garner up to 30% of the face value of the policy as opposed to the traditional method of surrendering the policy with your insurance company. The practice of selling your unneeded life insurance policy is known as a "viatical".
What is a Life Settlement?
Life Settlements allow you to assign or sell your life insurance policy for an up-front, possibly large cash payment. Life Settlements allow you to use money that would otherwise be inaccessible. You may spend your life settlement money as you see fit.
Life Settlement Example
Male age 68 with a $100,000 policy was told by his insurance company that if he surrendered the policy they would only give him $110. A life settlement secured $28,000 to add to his retirement. That made a huge difference.
Inside Build Wealth with Life Settlements
The Build Wealth with Life Settlements guide can bring you up to speed quickly with the terminology, step-by-step process, and the common questions to ask before selling your insurance policy. In addition, learn the life settlement process in detail, see sample cases, and discover helpful hints.
Reasons to sell your policy
Earn up to 30% or higher of policy value
Learn when to sell your policy
Ask the right questions before selling
Life Settlement News
Independent estimates report that among seniors that qualify for a life settlement, 20% of policies have a market value that exceeds the cash value offered by the carrier. While many policy owners are unfamiliar with life settlements until an advisor mentions the option to them, the concept has gained attention from high-profile proponents such as Warren Buffett, former U.S. Representative Bill Gradison, and numerous media sources including The Wall Street Journal, Time Magazine, Business Week and The Economist.