*
Joint Survivorship |
Age 77 years |
Face amount $5 million |
Cash value $8,000 |
Settlement amount $1,125,000 |
|
*
Universal Life |
Age 71 years |
Face amount $4 million |
Surrender value $200,000 |
Settlement amount $580,000 |
|
*
Term Life |
Age 72 years |
Face amount $850,000 |
|
Settlement amount $110,500 |
* The above referral fees were negotiated by the referral agent. Your fee
may vary from case to case. You can even pay your fee directly to the
policy owner.
What is a Life Settlement?
A life
settlement is the sale of a life insurance policy that gives a policy
owner a cash settlement in excess of the current cash surrender value.
A life settlement is an innovative wealth and estate planning tool that
professional advisors throughout the country are utilizing to
increase their productivity. Life Settlement transactions may be entered
into for the purpose of funding other valuable financial or insurance
products.
Typical Life Settlement "Candidates":
Change in estate size
Change in health condition
Divorce/Bankruptcy/Retirement
The need to exchange high annual premiums for monthly income
Premiums no longer affordable
Selling a business
Surrendering a policy or one in danger of lapsing
Change in tax laws
Need funds for alternative investments
A family trust has eliminated the need for life coverage
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