A life settlement is a lump sum payment to the owner of a life insurance policy by a funding source in exchange for ownership of the policy. The investment entity takes over the premium payments and carries the policy for the remainder of the insured’s life.
Turn to SeniorLIFE™
- A team of qualified Life Settlement case officers committed to client service
- Streamlined processes and customized services from start to finish
- A partner who is committed to privacy – SeniorLIFE™’s unique double-blind submission process ensures absolute confidentiality throughout the bidding process
- Maximum access to the competitive investor community through direct relationships
Find out if SeniorLIFE™ is right for you or your client by requesting more information.
Unlock the potential of your SeniorLIFE™
... with Life Settlements
If you are a senior, have outlived the original purpose of your personal or business life insurance policy, are considering surrendering it for the cash value — or worse, letting the policy lapse — then you should consider cashing in a policy through SeniorLIFE™ via a life settlement.
Life Settlement is a lump sum payment to the owner of a life insurance policy by a funding source, referred to as a Settlement Provider, in exchange for ownership of the policy. The investment entity takes over the premium payments and carries the policy for the remainder of the insured’s life.
Life insurance provides solutions to various financial needs. Over time, however, as life circumstances change, so too might the need for those policies. Most policyholders aren’t aware that life insurance is a transferable asset. Policyholders have certain unalienable rights — including the right to sell the policy to a third-party — just like your home, your boat or a stock. Sadly, however, more than 85% of all insurance policies simply lapse — benefiting neither the policyholder nor the beneficiaries. Don’t take the surrender value of your policy, or worse let your policy lapse without first contacting a Life Settlements case officer through SeniorLIFE™.
Generally, if you are over age 65 and have in place $50,000 or more in life insurance coverage that is beyond the period of contestability you may qualify for a Life Settlement and gain a welcome infusion of cash into your life when you most need it.
In times of transition or life changes, Life Settlements through SeniorLIFE™
can provide a “funding bridge” to help if you are in need of liquidity
but you are unable or would prefer to not tap into home equity during down
economic times or a stock portfolio in a rush. Life Settlements can provide
you greater economic freedom by unlocking the fair market price for your
policy: on average
as much as 300% of the cash surrender value.
Is now the right time? It is always better to evaluate life settlement than to simply let the life insurance policy lapse. A life settlement consult is FREE, confidential and may show you the real potential value of your life insurance.