Businesses
As the Life Settlement industry grows and evolves, it is critical to keep in mind strategies to sell insurance policies for cash that will help business owners, entrepreneurs and key executives optimize assets, increase revenues and grow their businesses.
Whether it’s a Fortune 500 or a two-person operation, now may be the right time to reap the rewards of years of hard work and sacrifice building your business. Selling your insurance policy for cash, particularly today, when many assets seem to be worth less than we’d thought and credit for business is tight represents a newly found method of capitalizing business – it’s great to find out an asset we have is worth FAR MORE than we’d thought – Life Settlements.
Businessmen and businesswomen know that a key to running a successful business is capitalizing all assets to move the business forward.
- If you are retiring,
- or selling your business, you may have in place policies you no longer need. If you let your life insurance policy lapse, you'll miss the opportunity to receive a return on the years of premiums you paid into the policy.
- Whether your company is paying on Key-Person or Split-Dollar policy
- or if your business needs to fund a pension,
- fund a retirement plan
- or potentially fund employee benefit plans, such as, retiree health benefits, executive bonus or stay bonus,
Let SeniorLIFE™ help you explore Life Settlements.
Insurance policies that are valuable to enterprise can be distinct from those used by individuals. Like life insurance policies that no longer serve their original purpose to individuals, circumstance often renders these business insurance policies unnecessary or excessive.
Check SeniorLIFE™’s list of business insurance types that a business owner might consider selling for cash in Life Settlement. Assessing, restructuring or selling insurance policies can provide a valuable path to optimize assets, eliminate premiums for policies that are no longer needed and align resources with business priorities. Examples you might consider include:
- Retirement of key executive leaving a business with unneeded Key-Person policy
- Receipt of a policy as part of a retirement package by a key executive who has no desire to keep the policy in force
- Change of business ownership
- Changes in succession plans
- Sale or dissolution of partnerships (rendering buy / sell agreements unnecessary)
- Exit strategies for benefit programs, including split-dollar plans allowing executives to retire debt owed to the firm, purchase additional insurance and create cash reserves
- Revised valuation of business-owned life insurance (versus valuing policies at cash surrender value) as part of calculating the value of a business you are looking to sell
By taking a look at the broader world of Business Insurance Life Settlement and the availability, flexibility and requirements of the Life Settlement marketplace, business owners can take steps to effectively streamline their business and fund those programs that matter most to owners, executives and their employees.
Let SeniorLIFE™ help: start by reviewing some of the Business Insurance Policy Types. Contact SeniorLIFE™ today and let us help you maximize the business enterprise you’ve worked so hard to build. Also, consider our FREE, confidential consult, which could result in an unexpected financial upside for you.