Reverse Life Insurance is sometimes referred to as Life Settlements, but in reality Reverse Life Insurance is much, much more. While Life Settlements allow certain qualified individuals to sell their life insurance policy in the secondary market for life insurance, Reverse Life Insurance also facilitates solutions that allow qualified Policy Owners to receive a cash advance against their life insurance policy (Life Insurance Advance), convert their life insurance policy into an FDIC-secured benefit account to pay for long-term care (Medicaid Life Settlement), or sell their life insurance to pay for treatments and expenses from chronic or terminal illnesses (Viatical Settlements). Reverse Life Insurance even helps qualified Policy Owners sell their Term Life Insurance policies with no cash value (Term Life Insurance Settlement).
Life Insurance Advance offers qualified Policy Owners who are terminally-ill the option of getting a lump sum of cash in the form of a loan secured solely by their Life Insurance Policy.
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/by Matt GillNational Association of Insurance Commissioners recommends Life Settlement as a safe option for paying for long term care without insurance. Learn More.
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/by Bud DeanThere are two methods for borrowing against your life insurance: borrowing from your life insurance company or borrowing from a life settlement through the secondary market for life insurance.
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/by Bud DeanA life settlement broker operates as an intermediary between the seller and buyer of a life insurance policy called a life settlement. Ideally, a life settlement broker will be protecting the interests of the life insurance policy seller/owner, whereas the buyer will be interested in the life settlement as an investment. A life settlement broker will take a percentage from the offer given to the seller.
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/by Bud DeanLife Settlement Providers play a key role in the life settlement business. Life Settlement Providers are the companies that purchase existing life insurance policies from individuals (usually through brokers) and they are the ones who sell the bundled policies to investors.
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/by Bud DeanWhat happens when life insurance premiums become too expensive, or when a person determines that life insurance is no longer necessary, and wishes to be free of the additional monthly expense? Too often, people let their insurance policies lapse, losing years of monthly premium payments that they have paid. But don’t worry, there are ways to get the most cash for your life insurance policy.
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/by Bud DeanWhen considering long-term and aging care needs, one of the first places to look is at any life insurance policies the individual may hold. While you may be interested in selling your life insurance policy, there may be questions about whether or not a universal life insurance policy will qualify for a life settlement. Here’s what you need to know
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/by Bud DeanAn AARP report published in July of 2015, shed light on the growing need for caregivers in the United States. Valuing the Invaluable discusses the costs to the children and families of the elderly and disabled who need in home care for assistance with the daily activities and chores that most of us take for granted.
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/by Bud Dean“Can I sell my life insurance policy?” is a common question among Seniors. You may not have realized that it is possible to sell your life insurance policy for cash. If you have a life insurance policy that is under performing, that you can no longer afford, or simply isn’t right for your circumstances anymore- you still have options.
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Reverse Life Insurance
115 W. Oregon Ave #2
Kill Devil Hills, NC 27948