Senior Settlements

Senior Settlements, what they can do for you.

Senior Settlements, sometimes referred to as Life Settlements, can provide a powerful financial planning tool. A senior settlement often represents found money for a policy holder by providing a lump sum of cash for the liquidated policy of between 10 - 75% of policy face value irregardless of cash value. There is no guarantee that you will receive more than cash value until your have your policy underwritten and enter into an agreement with the funding company.

Using the proceeds of a senior settlement.

The cash proceeds from a senior settlement transaction can be utilized to satisfy other financial needs as they occur. They can be utilized to purchase annuities, investments or long term care. If some insurance is still needed, a portion of the lump sum can be utilized to purchase a more appropriate policy.

Qualifying for a senior settlement.

Any type of in force life insurance policy can qualify for a senior settlement transaction. Term policies, universal life, whole life, survivorship, key man, etc. all can be utilized. These policies can be owned by groups, individuals, corporations, charitable institutions or any entity. The insured should be over 65 years of age and the policy in force for over 2 years. The minimum face value is $50,000. Generally, seniors over 65 with a history of poor health and older seniors are able to participate.

Feel free to inquire about any policy or situation. Call us toll free at 1-888-973-8377.

Or complete our free online senior settlement quote form.