Senior Settlements

A senior settlement is pretty much another name for a senior life settlement, but sometimes clients and agents can get confused. Here is a basic rundown of a senior settlement (senior life settlemetnt).

Senior Settlements provide senior clients a means to liquidate life insurance that is no longer needed in their portfolio. Many seniors (65 years old and older) who own life insurance qualify for a senior life settlement. A senior life settlement is the sale of a life insurance policy, where the policy owner is paid a lump sum in cash in exchange for transferring the ownership of the policy to a third party.

We qualify senior settlements for all types of life insurance policies including group, term, whole life, universal, and key-man. In most cases, the negotiated purchase price will be higher than the cash or surrender values and your clients can use the proceeds for other insurance or financial products, or in any way they wish.

Benefits Of Senior Settlements

• Funding other investments such as real estate or securities
  
• Funding the purchase of long term care or asset protection programs
  
• Paying off debts using Senior Settlements
  
• Funding the purchase of a survivorship policy
  
• Funding a charitable gift, trust, or annuity
  

There is never any cost or obligation to accept an offer for a Senior Life Settlement and we can evaluate as many life insurance policies as necessary. To find out how we can meet you and your clients' specific needs using Senior Settlements,a contact us now via our free online settlement form or at 1-888-973-8377.

Till next time, have a blessed day..