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Long Term Care and Life Settlements

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Paying for long term care, in-home care, or assisted-living with a Life Settlement

Senior Americans often find that despite saving responsibly for decades, their retirement nest egg won’t cover the costs of long term care. Instead, they end up liquidating all of their assets to qualify for medicaid, accumulating significant debt or even worse,  passing the expense of long term care on to their children and loved ones.

Sadly, this issue is not likely to improve. A 2016 Genworth study found that the average monthly long term care costs were as much as $3,861 for in-home care, and as high as $7650 for nursing home care. That’s between $45,800 and $92,400 for a single year of long term care, and that cost is only increasing.

Reverselifeinsurance.com helps Seniors in this situation by providing free, no-obligation qualification appraisals, availing possible options, and connecting those qualified  directly with licensed buyers.

Contact us today, and see if you qualify for a life settlement solution.

Do You Qualify?

Here are the solutions which best match your situation:

Medicaid Life SettlementLife SettlementRetain a PortionLife Insurance Advance

Medicaid Life Settlement

  • Qualify to convert your life insurance policy into an FDIC-insured Long-Term Care Benefit Plan.
  • You choose the care provider of your choice, there are no restrictions.
  • Payments are made directly to your care provider every month - you don’t have to do anything!
  • You pay no more premiums
  • Often there is no need to liquidate your other assets to qualify for medicaid.

“ReverseLifeInsurance.com connected me with a direct buyer who purchased my life insurance policy. The Buyer was excellent to work with through the entire transaction. I know they worked hard to get me the cash I needed, just 2 days before Christmas.”

J.M.

A Medicaid Life Settlement allows a policyholder who is in immediate need of long term care, in-home care, or assisted-living to convert their life insurance policy into an FDIC-insured Long Term Benefit Plan account (also known as an Irrevocable Benefit Account). This enables policyholders to control their own long term care funding, and helps them avoid liquidating their assets (including their life insurance policy) in order to qualify for Medicaid.

With a Medicaid Life Settlement, the policyholder is free to select their preferred long term care provider, and payments to the care provider are made on a monthly basis by a professional administrator – the policyholder doesn’t have to worry about or manage payments. After the policy has been sold, the policyholder is no longer required to make annual premium payments.

Those who typically qualify for a Medicaid Life Settlement are over the age of 65, have an immediate need for long term care, in-home care, or assisted-living, have had a major decline in health since first initiating their life insurance policy, and own a policy value at $50,000 or more.

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Life Settlement

  • You may be eligible to sell your life insurance policy to a licensed buyer in the secondary market
  • You no longer have to pay expensive policy premiums.
  • We assess whether you are likely to qualify and connect you directly with a buyer, and handle the paperwork
  • Qualified candidates typically receive significantly more than their existing cash surrender value.

“Seldom do I write a testimonial. My expectations were exceeded by Reverelifeinsurance.com. My experience was stress-free, I was kept informed throughout the process, and the standard of professionalism was outstanding.

I would recommend Reverselifeinsurance.com without hesitation.”

E.C.

A Life Settlement allows qualified life insurance policyholders to sell their policy in the secondary life insurance market. Qualified policyholders receive a lump-sum cash settlement which can be used to pay for medical expenses, prescription costs, household expenses, or simply to supplement a fixed retirement income for a more comfortable lifestyle. Once the policy is sold, the policyholder is no longer required to pay the seemingly ever-increasing annual policy premiums.

Those who typically qualify for Life Settlements are over the age of 65, have had a moderate decline in health since initiating their life insurance policy, and own a life insurance policy valued at $100,000 or more.  

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Retain a Portion Settlement

  • Qualify to sell your life insurance on the secondary market to a licensed, direct buyer.
  • You no longer have to pay for increasingly-expensive annual policy premiums.
  • Your beneficiaries still receive a portion of your benefit after you pass.
  • There are no restrictions on how you spend your cash settlement.

“With all my expenses, I really didn’t have the extra money to pay for the therapy I felt was best for me. I tried to get a life insurance cash advance, but they said I wasn’t sick enough. Reverselifeinsurance.com’s direct buyer gave me $95,000 for my $250,000 policy! I told them I would recommend them to anyone, so now I am!”

Jim M.

A Retain-A-Portion settlement, sometimes known as a Retained Death Benefit, enables qualified policyholders to sell their Life Insurance Policy in the secondary market for a cash settlement, while allowing the policyholder to retain some portion of their death benefit for their beneficiaries. Those who typically qualify for a Retain-A-Portion Settlement are generally over the age of 65, have developed moderate health issues since first creating their policy, and have life insurance policies valued at $100,000 or more.   

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Life Insurance Advance

  • You may be eligible for a cash advance against your life insurance policy.
  • You no longer have to pay expensive policy premiums.
  • The Life Insurance Advance is tax free
  • The remaining death benefit payout still goes to your beneficiaries.
  • The remaining death benefit payout still goes to your beneficiaries.

“My experience was stress free. I was kept informed throughout the process, and the standard of professionalism was outstanding – I would recommend Reverselifeinsurance.com without hesitation!”

E.C.

A Life Insurance Advance enables qualified policyholders to receive a lump-sum cash advance from their life insurance policy, to pay for things like medical costs, alternative treatments, household expenses, or simply to supplement retirement income or spend on entertainment. When a policyholder enters into a Life Insurance Advance, the lender also assumes responsibility for policy premiums, so the policyholder no longer needs to make those payments. Even better, the policyholder’s beneficiaries can still receive some portion of the death benefit after the policyholder has passed.

Those who typically qualify for a Life Insurance Advance have had a significant decline in health since first initiating their policy.

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If you are considering canceling or surrendering your life insurance policy, please speak with us first.

We offer free, no-obligation qualification assessments. Not knowing your options could cost you thousands of dollars in hidden value.

Do You Qualify?