| Many Americans are concerned about their personal financial future in an uncertain economy that the US has experienced recently. Senior Life Settlements or "senior" settlements, have become important alternatives for unlocking embedded value in investments in life insurance. Many seniors have an asset that they did not know they had.  It is a little known fact that policies insuring those age 60 and over can be sold. Policies bought years before that have now lost their utility can be sold, generally for more than cash value.
Many senior citizens will be pleasantly relieved to know that they can now receive the benefits of the money while still alive, possibly tax free, and that they will not have to make any more policy premium payments. Their personal financial future is secure. You can obtain funding from a policy for $100,000, $200,000, $300,000 and more depending on certain factors . If you do not own life insurance, you may obtain a policy, if you are insurable, and maybe qualify to cash in on this large amout of money. It is like a gift. A Senior Life Settlement is a cash payment to the owner of a life insurance policy in exchange for the assignment of the ownership of the policy. With a Life Settlement you turn an otherwise untouchable asset into something liquid, and immediately useful. A life insurance policy is the property of the owner. A policy may be sold when the owner has determined that he or she no longer needs the policy. This may arise in circumstances such as business owned policies where the insured is no longer connected to the business, or where the insurance proceeds are no longer needed to pay estate taxes or final expenses. The contract may be sold for any reason that the owner may desire. By liquidating a policy for amounts higher than the cash surrender value, policy owners can initiate important financial opportunities with a cash infusion from the proceeds of an unwanted, unaffordable or unnecessary life insurance policy. Changes in your lives and circumstances can reduce or eliminate the need for an existing life policy! What was once a sound and essential asset can often evolve into an unneeded expense---even a burdensome liability. With current economic conditions created by stock market declaims, combined with poor retirement fund performances, this option offering amounts greater than current cash surrender value for policies no longer relevant to someone’s current needs has strong appeal. With your new found cash, you can invest in annuities, enhance your estate planning, provide for long term care needs or use the money to better enjoy and live the life you've earned. Find out more about senior life settlements and the great new opportunity it creates for you. |
| |
