Policyholders who qualify for Life Settlements often find themselves facing a dilemma: They’re in need of cash now to help supplement their fixed income, help cover the cost of medical treatments, prescriptions costs, or long-term care, but they still want their beneficiaries to receive some benefit after the policyholder has passed away. Sometimes a policy owner can receive a cash settlement today and also a retained death benefit for their beneficiaries upon their death.
Luckily, qualified Policyholders in this situation no longer need to sacrifice future death benefits for their beneficiaries in order to get cash now, all thanks to the Retain-A-Portion Settlement option.
Retain-A-Portion Settlement’s allow qualified Policy Owners to benefit from the secondary life insurance market without totally sacrificing their death benefit. Even better, it is not uncommon for Retain-A-Portion settlements to provide a larger overall value than a normal Life Settlement, and like a traditional Life Settlement, you no longer need to pay every-increasing annual premiums.
For example, a $500,000 life insurance policy sold in a typical Life Settlement may result in a $100,000 cash payout. The same $500,000 sold in a Retain-A-Portion Settlement, may result in a large total payout of $150,000 – a $50,000 upfront cash payment, and also a $100,000 death benefit reserved for beneficiaries after the insured dies..
If you need cash now, but still want to leave your loved ones some benefit after your passing, A Retain-A-Portion Settlement may be a great solution. Contact us today, and our helpful representatives will provide a free, no-obligation policy appraisal. If you qualify, we’ll connect you directly with a licensed buyer, and we’ll even handle all of the paperwork for you.
