Term Life Settlement

Term Life Settlements enable qualified Policy Owners to sell their convertible term life insurance policy for cash in the secondary market, even though the policy has no cash value.

The decision to purchase a Term Life Insurance policy is understandable – annual premiums for a Term Life policy can be significantly cheaper than a Permanent Policy – and middle-aged Americans often assume they’ll only need their policy for a defined period of time. And, if they want a Permanent policy later in life, their Convertible Term Life Insurance policy can always be easily converted to a Permanent policy, right?

Well, not necessarily. Unfortunately, many Senior Americans are now discovering that they still need financial security, and their easily convertible Term Life Insurance policy has serious strings attached: prohibitively expensive annual premiums. Indeed, this may be why Term Life Insurance is the most commonly canceled or lapsed type of life insurance.

Fortunately, there’s hope for people in this situation. Instead of converting their Term Life policy to a Permanent policy with expensive annual premiums, many seniors are opting for a Term Life Settlement, which allows qualified candidates to sell their Term Life Insurance policy for a cash settlement in the secondary market for life insurance, even though the policy has no cash value!

If you have a convertible term life insurance policy that is nearing expiration to convert, you are likely aware that your annual premiums will increase significantly when and if you convert to a Permanent life insurance policy. If you qualify for a Term Life Insurance Settlement, you could receive a lump-sum cash settlement by selling your convertible term life insurance policy in the secondary market for life insurance, even though your convertible term life insurance policy has no cash value.

When you qualify for a Term Life Insurance Settlement, the fund purchasing your policy can exercise your right to convert your existing or expiring convertible term life insurance policy into a Permanent life insurance policy, like Universal or Whole Life Insurance. Once your newly converted policy is sold to a licensed buyer in the secondary life insurance market for a lump-sum cash Life Settlement, you no longer have to pay premiums.

If you have an expiring or unneeded term life insurance policy, don’t leave money on the table. ReverseLifeInsurance.com’s knowledgeable representatives will help determine if you qualify for a Term Life Insurance Settlement. If you qualify, we will connect you directly with a licensed buyer, and will assist you with the paperwork.

You May Qualify For A Term Life Settlement

To qualify for a Term Life Settlement, you should be at least 65 years of age and have had a decline in health since first purchasing your term life insurance policy. If you are younger than 65, you may still qualify for a term life settlement if you have had significant chronic or terminal health issues. People over age 75 may qualify for a term life settlement even though their underlying health has not deteriorated to greatly.

You Are Over 65 years of age, or have a slippage in health

Qualified candidates are generally over the age of 65.

You own a convertible Term Life Insurance Policy

You must own a convertible term life insurance policy. You may qualify even though your policy has no cash value!

You’ve Had A Change In Health

Qualified candidates must have had a slippage in health since they purchased the policy

Your Policy Benefit Is at least $100,000.

Qualified candidates must have a policy worth $100,000 or more.

“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.

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

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