Life Settlement
Do you need money for medical bills, bankruptcy, retirement, long term care, etc.? If so, Life Settlement Funder proudly works with individuals, trusts, corporations and families to change existing life insurance policies into cash!
Life Settlement is the process of selling an unneeded or undervalued life insurance policy for a lump sum cash payout.
Life Settlements provide a unique opportunity to benefit immediately from the market value of an existing life insurance policy and reuse those funds for whatever purpose one chooses.
Previously, the owner of an unneeded or unwanted policy had only two options:
1. Sell the policy back to the institution that issued it for its cash surrender values (often a very low, if any, value at all).
2. Allow the policy to lapse, wasting years of paid premiums.
That doesn't have to happen to you...
Life Settlement Funders
Purchasing groups in the Life Settlement Industry are commonly referred to as funders, funds, and providers. These groups usually have large pools of money and will purchas policies matching their buying parameters.Depending on your state will determine how many funders are available that may have interesting in purchasing your policy or the policy of your client. Regulations and licensing has been changing a lot lately, so it is important to check with your state Department of Insurance to verify funding procedures.