Funding Retirement and Long-Term Care with Life Settlements 5 Things Every Senior Needs to Know
What is a Life Settlement? Sale of a policy to a new owner for a lump-sum payment instead of abandoning after years of premium payments.
Who Qualifies? Life Settlements are specifically designed to financially reward seniors and people with declining health who own a Life Insurance policy they don’t intend to keep.
5 Things you Need to Know
1. The older or sicker a person is the more they will be paid in a Life Settlement. If you are too young and healthy you won’t qualify for a settlement.
2. It is the legal right of every policy owner to sell off their policy with a Life Settlement. A policy is personal property like a home and the owner has the same right to sell their policy like they do their home.
3. Life Settlements are one of the best regulated insurance options for consumers today. It has grown into a mainstream financial tool for seniors to pay for the rising costs of retirement and long-term care.
4. Life Settlements are a tax advantaged way to sell off an unneeded or unwanted life insurance policy. Depending on how long you own your policy or how sick you are, a Life Settlement can be partially or entirely tax free.
5. There are no out of pocket fees or costs for a policy owner to do a Life Settlement. A Policy Review takes a day to qualify, and the entire Life Settlement process takes 60-90 days to complete.
What you need to remember Life Settlements are for seniors It’s a legal right There are no costs There are tax advantages The process is quick and easy
People pay premiums for years.
Life Insurance is an asset like a home.
Would you abandon your home after years of mortgage payments?
Never abandon a policy without finding out if you qualify first!!
Life Settlements to Fund Retirement and Long-Term Care CONTACT INFORMATION