Welcome to Life Care Funding Group
Q:Is it Time to Consider Cashing in a Life Insurance Policy for its Life Settlement Value?
A: If a policy owner has outlived the purpose of a life insurance policy, has decided that it has become an under-performing asset, or has had a life event that requires liquidity-- then selling a life insurance policy through a Life Settlement transaction should be considered.
If you are over 65, or diagnosed with a terminal health condition, and currently own a life insurance policy—then you are eligible to sell your policy through a Life Settlement transaction.
A Life Settlement can provide seniors and their families with peace of mind during a time of transition or financial crisis. The liquidation of a life insurance policy through a Life Settlement can act as a "funding bridge" to help cover the costs of retirement and senior living when other assets such as a home or stocks are underperforming or difficult to sell.
FAST FACTS:
- Life Settlements are the sale of an in-force life insurance policy to institutional funders, while the policy holder is alive, for an amount greater than the cash value and less than the policy’s final death benefit.
- Age 65 or older (ages as young as 55 can be considered).
- All forms of life insurance with a minimum face value of $50,000 can qualify.
- There are no caps on the amount of money that can be raised through a life settlement.
- A Life Settlement is the sale of an asset, not a loan, and has no restrictions or requirements to be secured or paid back.
- There are no upfront fees paid by the policy holder.
- The policy owner is no longer responsible for paying premiums once a Life Settlement is complete.
Contact us today for a free, no-obligation consultation