Understanding your options as you consider how to sell your life insurance policy can be confusing. However, the most important first steps you can take in working through a life insurance policy settlement are qualifying and valuing your policy before you do anything. “Qualifying” is a matter of determining if your health, age and policy are likely to make you eligible for a life settlement. “Valuing” is the process of determining how much your policy is worth in the marketplace and, therefore, how much cash you can expect from the life settlement process.
We’ll assist you with a free, no-obligation qualification appraisal which is completed by a licensed Life Settlement Buyer in your state. If you do qualify, we’ll also assist you with the paperwork. You’ll speak directly with the buyer, and the decision to sell or keep your Life Insurance policy is always in your control.
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/by Bud DeanFDIC recently said a reverse mortgage could be a risky choice. Consider reverse life insurance instead. Get cash now without putting your home at risk.
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/by Bud DeanMany Seniors opt for Long Term Care insurance policies, despite the high lapse rates. Qualified Seniors may find a Life Settlement better suites them.
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/by Bud DeanSaving for retirement is contingent on a number of things, and varies by age according to income levels and the relationships individuals have. According to the study workers at all ages and income levels are not be expected to devote much effort in addressing long-term savings needs.
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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 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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/by Bud DeanTo date, there has been very little federal life settlement regulation, and only 8 states remain unregulated and have not adopted one of the two models – NAIC or NCOIL. The lack of federal licensing requirements and life settlement regulations may discourage owners of life insurance from considering life settlements as they are unsure as to which life settlement provider to trust. Owners currently have to rely on brokers or their own research to protect themselves in determining which life settlement companies are legitimate or not.
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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 DeanAs seniors get older, making sure their affairs are in order and preparing for long term care are key. The life settlement industry is ripe with ways to help those preparing for long term care, but many of these options are not well known to seniors. According to the Atlanta Journal-Constitution, seven out of ten people will need long-term care sometime after age 65. It’s important for aging individuals to at some point think about assisted living costs, home care, and other situations that may require a substantial amount of money over time.
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Reverse Life Insurance
115 W. Oregon Ave #2
Kill Devil Hills, NC 27948