Senior Life Settlement

Senior Life Settlements, what they can do for you.

Senior Life Settlements, sometimes referred to as Life Settlements or Senior Settlements, can provide a powerful financial planning tool. This type of 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. You should realize that until your policy is submitted and underwritten there can be no guarantees of value.

Using the proceeds of a senior life settlement.

The cash proceeds of a senior life 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 insurance policy can qualify for a senior life 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 or terminally ill. The minimum face value is $50,000 for over 65 and $25,000 if terminally ill. Please feel free to inquire about any policy or situation.

Get a Senior Life Settlement Evaluation Today! Call toll free at 1-888-973-8377