Archive for category: Viatical Settlement

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A Viatical Settlement enables qualified Policy Owners with Chronic or Terminal illness to sell their life insurance policy, providing funds for medical expenses and alternate treatments.

What Is Reverse Life Insurance?

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What is reverse life insurance? All of the secondary market options such as viatical settlements, life settlements, retain-a-portion, and Medicaid life settlements are types of reverse life insurance

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).

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Understanding Viatical Settlement Companies

sell your life insurance

A viatical settlement is when you sell a life insurance policy to a third party for a cash benefit. This type of life settlement used to be used only when there was a life-threatening circumstance such as terminal cancer or other terminal diagnosis. Understanding Viatical Settlement Companies is vital when looking into the Viatical Settlement option.

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Do I Need A Life Settlement Broker When I Sell My Life Insurance?

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life settlement broker

A 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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Getting The Most Cash For Your Life Insurance Policy

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get the most cash for your insurance

What 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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Can I Sell My Universal Life Insurance policy?

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Selling your life insurance policy may be an option

When 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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Why Didn’t My Agent Tell Me I Could Sell My Life Insurance?

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never-surrender-life-insurance

“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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Do You Qualify?