Sell Insurance To Raise Money
As time goes on, money hardships can strike a person and family. This is especially true during hard economic times, poor health leading to medical expenses and other serious quality of life issues. When someone is looking to sell and insurance policy to raise cash or money, it is usually a pretty serious situation. When I evaluate a person's situation - I want them to understand what the value of the potential cash influx now compared to the eventual death benefit years ahead. We also talk about (and quite frankly), where a life expectancy can be (if a terminal illness is involved).
Is the potential money offer when someone is looking at selling their insurance plan of a greater benefit to their quality of life for themselves and their family?
Age
The best offers that I get are for people normally over 65 years of age or who have an illness where the prognosis is not good. Yes - this is not a happy business sometimes to even talk about, but when someone at a certain age truly needs the money - it can help them a great deal. There are still many people who are eligible to sell transfer their insurance and know how to. The greater the age - the higher the cash offer in most cases.
Insurance Premium Too High
A major reason people ask me "how can i sell my policy?" is the cost of the policy is too high. There are many people who even let these life policies lapse - worthless! What a waste. If someone meets the other criteria (age, policy type, illness), then the cost of the premium can be a big factor of getting a deal done for you and your family.
Types of policies that can be sold
There is a wide range of life insurance types including Whole Life, Convertible Term, Variable and some others. Generally as long at it is an individual life policy and can be convertible - it can be sold for a cash settlement.
Always examine the pros and cons thoroughly when looking to transfer your life insurance policy. For many, the cash settlements are very substantial but not for everyone. At howtosellmypolicy.com, we will educate and inform.
How To Sell My Policy is a free website that allows potential insurance policyholders to submit basic information on their need and get contacted by a professional life settlement advisor.
Wednesday, December 9, 2009
Monday, August 17, 2009
Variable Live Insurance - VL Policy, VUL Plans
Insurance policies that offer death benefit protection and cash values are Variable life or Universal Variable Life contracts. Premiums are invested into a separate account of investments. As the variable cash values exceed expenses, the cash value grows. Premiums can be flex or flexible paying.
Variable insurance policy holders can take out loans or borrow on the cash value if they choose so. The loans may not be needed to be repaid, as long as the premiums are covered.
This is a form of permanent life insurance as it acts like a whole life policy by maturing at 100 or until death of the insured. A variable life contract can act as pure insurance and retirement benefit because of the cash value account.
Flex Premium
Many Variable contracts offer flexible premiums. These flex payments allow for skipping premiums or paying in lump sum. As long as the cash value and investment value outperform expenses, flexible premiums will keep the policy in effect.
VUL or Variable Universal Life contracts are permanent life insurance policies that offer death benefits until 100 or life and allow for cash value build up in investment accounts. Universal policies are popular based on their flexible premiums, tax free cash benefits and the ability to borrow off of the variable insurance policy itself.
This is a form of permanent life insurance as it is not temporary insurance like a term policy. A Universal variable life UVL or VUL policy can act as pure insurance and retirement benefit because of the cash value account. The benefit will fluctuate with the values within the account. The insured bears more risk with a VUL as there are investments made into funds within the policy contract account. These investment values will vary with market conditions. Over the long term, these values will normally outperform fixed income or straight insurance policies.
Flex Premium
Many Variable contracts offer flexible premiums. These flex payments allow for skipping premiums or paying in lump sum. As long as the cash value and investment value outperform expenses, flexible premiums will keep the policy in effect.
VUL combines the aspects of tax retirement planning and protection of life insurance and the cash value in the account can potentially grow above and beyond the initial death benefit set on the policy or plan.
Tax Free Growth
As long as the variable insurance plan remains active, the value and growth in the account accumulates tax free. Withdrawels (not loans) are subject to regular income tax distribution.
VUL policies are also used in estate planning for transferring of estate assets to their family.
Charges, Expenses, Fees
Having the flexible premium on variable life plans allows for periodic premium payment or lump some. There must always be enough money in the account to cover any fees and insurance expenses ongoing. Should the cash value and the investments within the VUL perform well enough - many times those charges are covered.
Search Engine Marketing Master Course
Variable insurance policy holders can take out loans or borrow on the cash value if they choose so. The loans may not be needed to be repaid, as long as the premiums are covered.
This is a form of permanent life insurance as it acts like a whole life policy by maturing at 100 or until death of the insured. A variable life contract can act as pure insurance and retirement benefit because of the cash value account.
Flex Premium
Many Variable contracts offer flexible premiums. These flex payments allow for skipping premiums or paying in lump sum. As long as the cash value and investment value outperform expenses, flexible premiums will keep the policy in effect.
VUL or Variable Universal Life contracts are permanent life insurance policies that offer death benefits until 100 or life and allow for cash value build up in investment accounts. Universal policies are popular based on their flexible premiums, tax free cash benefits and the ability to borrow off of the variable insurance policy itself.
This is a form of permanent life insurance as it is not temporary insurance like a term policy. A Universal variable life UVL or VUL policy can act as pure insurance and retirement benefit because of the cash value account. The benefit will fluctuate with the values within the account. The insured bears more risk with a VUL as there are investments made into funds within the policy contract account. These investment values will vary with market conditions. Over the long term, these values will normally outperform fixed income or straight insurance policies.
Flex Premium
Many Variable contracts offer flexible premiums. These flex payments allow for skipping premiums or paying in lump sum. As long as the cash value and investment value outperform expenses, flexible premiums will keep the policy in effect.
VUL combines the aspects of tax retirement planning and protection of life insurance and the cash value in the account can potentially grow above and beyond the initial death benefit set on the policy or plan.
Tax Free Growth
As long as the variable insurance plan remains active, the value and growth in the account accumulates tax free. Withdrawels (not loans) are subject to regular income tax distribution.
VUL policies are also used in estate planning for transferring of estate assets to their family.
Charges, Expenses, Fees
Having the flexible premium on variable life plans allows for periodic premium payment or lump some. There must always be enough money in the account to cover any fees and insurance expenses ongoing. Should the cash value and the investments within the VUL perform well enough - many times those charges are covered.
Search Engine Marketing Master Course
Monday, June 15, 2009
403 b plan - 403-b account rules
A type of retirement account for tax exempt or non profit employees are known as 403b plans. Contributions can be made tax deferred with a portion of salary which is then directed by the employer. These plans must comply with 403 b Regulations
These institutions could include:
Universities
Schools
Foundations
Hospitals
The contribution amounts into this type of retirement plan are made with after tax dollars. 403b plans offer the employee a chance to defer money and have it invested in dedicated mutual funds, tax deferred annuities or other securities.
Retirement Value
As with any retirement account or plan, 403b account holders will have a retirement value based on the contributions they made, the years they were in the plan, and the value of the securities within the 403b account. Diversification of funds and spreading of risk can protect the employee best and allow them to get the highest investment performance and income at retirement.
5500
Beginning in 2009, all ERISA 403 plans must file a full form 5500 that recognizes all assets under the plan. Plans with greater than 100 participants must also meet the 5500 audit requirements and regulations. Contact us below if you have questions on this rule.
Plan Document
A plan document must be in place by the effective date of the regulations. This is an important change. If a 403 b already has a plan document, the retirement plan document must be reviewed to ensure the rules under final regulations are addressed.
Review Operations - Plan sponsors must go over their procedures so they align with what is in their new or existing 403 b plan. The regulations also call for oversight.
Non actively Sponsored Plan
Regulations provide that the account manager review the plan. These still may comply without subjecting them to ERISA. Developing a plan document and reviewing service providers for your 403b plan are included in the regulations compliance.
403b plan regulations
Finance Book Titles
These institutions could include:
Universities
Schools
Foundations
Hospitals
The contribution amounts into this type of retirement plan are made with after tax dollars. 403b plans offer the employee a chance to defer money and have it invested in dedicated mutual funds, tax deferred annuities or other securities.
Retirement Value
As with any retirement account or plan, 403b account holders will have a retirement value based on the contributions they made, the years they were in the plan, and the value of the securities within the 403b account. Diversification of funds and spreading of risk can protect the employee best and allow them to get the highest investment performance and income at retirement.
5500
Beginning in 2009, all ERISA 403 plans must file a full form 5500 that recognizes all assets under the plan. Plans with greater than 100 participants must also meet the 5500 audit requirements and regulations. Contact us below if you have questions on this rule.
Plan Document
A plan document must be in place by the effective date of the regulations. This is an important change. If a 403 b already has a plan document, the retirement plan document must be reviewed to ensure the rules under final regulations are addressed.
Review Operations - Plan sponsors must go over their procedures so they align with what is in their new or existing 403 b plan. The regulations also call for oversight.
Non actively Sponsored Plan
Regulations provide that the account manager review the plan. These still may comply without subjecting them to ERISA. Developing a plan document and reviewing service providers for your 403b plan are included in the regulations compliance.
403b plan regulations
Finance Book Titles
Wednesday, March 25, 2009
Advisors Selling Fixed IA
Why Do So Many Advisors Struggle Selling Fixed and Indexed Annuities?
Insurance
Would you agree that the primary advantages of a Fixed Annuity over a CD are that annuities generally provide a higher rate of return, they have better guarantees, and the interest isn’t taxed until it’s used! Then, why is it so hard to convince a CD owner to convert to a fixed annuity?
Would you also agree the primary advantages of an Indexed Annuity over Equity Investments, Managed Accounts and Mutual Funds are that the prospect has the potential to reap the upside of the stock market, without the downside risk to their investment principal. Plus, an Indexed Annuity has a minimum guaranteed interest rate and the returns aren’t taxed until the money is withdrawn. Then, why do advisors have a hard time closing sales for Index Annuities?
There are many reasons why many advisors are having trouble selling Fixed and Indexed Annuities. Part of the problem is most advisors are selling a product, instead of a solution to the prospect’s problems. They are selling features, instead of presenting benefits. Most advisors are NOT making a connection with their prospects. They are NOT building trust and rapport. They are making things too complicated. They are using technical jargon. They are in front of the wrong prospects. And unfortunately, the list goes on and on!
Here are SIX simple solutions that will help you to immediately sell more annuities!
1. You must make sure you are in front of the right prospects for you! Most advisors are focused on attracting high net worth prospects, which puts them in direct competition with every other advisor. Then, they wonder why these prospects want to talk to their Attorney, CPA, Stock Broker, etc. before they make a decision. There are many niches within the annuity markets. You have the low, middle and high net worth people. Within those markets you have pre-retirees and retirees. There are CD owners, mutual fund investors, stock owners, widowed women, annuity owners, tax-free bond owners, IRA owners and the list goes on and on. Each of these niches has a different concern, problem, attitude, likes and dislikes. You have to decide which of these niche markets is right for your expertise, experience, knowledge and products.
Custom Search
2. You must write and speak at a sixth grade level! Then, even the college professors can understand you! And, you must stop using technical jargon. Most advisors are confusing their prospects by being too technical and going into too much detail. If your prospects are even the slightest bit confused, then why would they want to set an appointment with you, or buy from you?
3. You must build trust and rapport! Whether you are conducting dinner seminars, free educational workshops or just talking to people on the phone, you must be able to demonstrate to your prospects that you truly understand their concerns and their problems. For example, the vast majority of advisors are only getting a 30% appointment rate from their educational workshops and dinner seminars. Then, only 30% of those people are actually keeping their appointments. The main reason for the low appointment rate and the cancellation of appointments is the advisor is not helping the prospect to see how what they are presenting relates to the prospects situation. Most advisors tend to lecture to the prospect. Or, they are trying to educate the prospect. They are not getting the prospect emotionally involved. The advisor is coming across as a sales person instead of an advisor. There is no trust or rapport being created.
4. You must help prospects to identify what their biggest concerns are for themselves! You can’t assume anything. You can’t assume they understand their real problems. You must get them to really talk about their situation and tell you how they feel about what’s happening. You must do a complete, thorough fact-finding interview to help your prospects to truly understand their problems. For example, initially many retirees will tell you that their biggest concern is outliving their money. Yet, when you do a complete, thorough fact-find you might find that they have plenty of money, based on their current life style. Their real problem is they are afraid to take the income they want each year. So, they aren’t able to do the things they really want to do! Or, maybe they are afraid they’ll need long term care and they won’t have enough money to make sure they have choices as to their care. Or, they are afraid their spouse won’t have enough money when they die, because their spouse will lose their pension and social security! Or, they want to make sure they have money to pass onto their children, or a charity.
5. You must really listen to what your prospect is saying! When you’re really listening to someone’s words, you become connected with that person. And, isn’t that the kind of connection that we all want? You can’t sell unless you truly understand your prospect’s problems and what they really want. You must sincerely listen to the prospect, so you can ask the right questions to clarify the prospects current situation and feelings. However, listening is less important than how you listen. By listening in a way that demonstrates understanding and respect, you build rapport with prospects, and that is the true foundation from which you can sell your prospects.
6. You must stay in constant contact with your prospects… and your current clients! It’s a simple rule of marketing, the more you stay in front of people who can do business with you, the more opportunities you have to earn their business. If you don't stay in touch, you'll be forgotten. And, if your clients, prospects, and business associates forget you, then they certainly won't do business with you (or refer people they know to you). Staying in touch is NOT about hounding your prospects and clients until they buy from you. It's about keeping in constant contact with them in positive, non-threatening ways. It’s letting them know what's going on, showing them you care, sending them reminders and providing information that's of value to them.
If you want to sell more annuities, then you must practice the above six simple solutions! These six simple solutions are what we focus on in our systems and with our coaching. It’s why the advisors we work with are able to set appointments with 70-90% of their seminar attendees. And, why these advisors are able to collect a million or more of annuity premiums every month!
By Lew Nason ‘The Nine Out Of Ten Guy’ Claim your free Report "How to Attract & Sell Your Perfect Prospects" at http://www.FastInsuranceSales.comWhere you'll learn how to make 6-figures a year in insurance.
Insurance
Would you agree that the primary advantages of a Fixed Annuity over a CD are that annuities generally provide a higher rate of return, they have better guarantees, and the interest isn’t taxed until it’s used! Then, why is it so hard to convince a CD owner to convert to a fixed annuity?
Would you also agree the primary advantages of an Indexed Annuity over Equity Investments, Managed Accounts and Mutual Funds are that the prospect has the potential to reap the upside of the stock market, without the downside risk to their investment principal. Plus, an Indexed Annuity has a minimum guaranteed interest rate and the returns aren’t taxed until the money is withdrawn. Then, why do advisors have a hard time closing sales for Index Annuities?
There are many reasons why many advisors are having trouble selling Fixed and Indexed Annuities. Part of the problem is most advisors are selling a product, instead of a solution to the prospect’s problems. They are selling features, instead of presenting benefits. Most advisors are NOT making a connection with their prospects. They are NOT building trust and rapport. They are making things too complicated. They are using technical jargon. They are in front of the wrong prospects. And unfortunately, the list goes on and on!
Here are SIX simple solutions that will help you to immediately sell more annuities!
1. You must make sure you are in front of the right prospects for you! Most advisors are focused on attracting high net worth prospects, which puts them in direct competition with every other advisor. Then, they wonder why these prospects want to talk to their Attorney, CPA, Stock Broker, etc. before they make a decision. There are many niches within the annuity markets. You have the low, middle and high net worth people. Within those markets you have pre-retirees and retirees. There are CD owners, mutual fund investors, stock owners, widowed women, annuity owners, tax-free bond owners, IRA owners and the list goes on and on. Each of these niches has a different concern, problem, attitude, likes and dislikes. You have to decide which of these niche markets is right for your expertise, experience, knowledge and products.
Custom Search
2. You must write and speak at a sixth grade level! Then, even the college professors can understand you! And, you must stop using technical jargon. Most advisors are confusing their prospects by being too technical and going into too much detail. If your prospects are even the slightest bit confused, then why would they want to set an appointment with you, or buy from you?
3. You must build trust and rapport! Whether you are conducting dinner seminars, free educational workshops or just talking to people on the phone, you must be able to demonstrate to your prospects that you truly understand their concerns and their problems. For example, the vast majority of advisors are only getting a 30% appointment rate from their educational workshops and dinner seminars. Then, only 30% of those people are actually keeping their appointments. The main reason for the low appointment rate and the cancellation of appointments is the advisor is not helping the prospect to see how what they are presenting relates to the prospects situation. Most advisors tend to lecture to the prospect. Or, they are trying to educate the prospect. They are not getting the prospect emotionally involved. The advisor is coming across as a sales person instead of an advisor. There is no trust or rapport being created.
4. You must help prospects to identify what their biggest concerns are for themselves! You can’t assume anything. You can’t assume they understand their real problems. You must get them to really talk about their situation and tell you how they feel about what’s happening. You must do a complete, thorough fact-finding interview to help your prospects to truly understand their problems. For example, initially many retirees will tell you that their biggest concern is outliving their money. Yet, when you do a complete, thorough fact-find you might find that they have plenty of money, based on their current life style. Their real problem is they are afraid to take the income they want each year. So, they aren’t able to do the things they really want to do! Or, maybe they are afraid they’ll need long term care and they won’t have enough money to make sure they have choices as to their care. Or, they are afraid their spouse won’t have enough money when they die, because their spouse will lose their pension and social security! Or, they want to make sure they have money to pass onto their children, or a charity.
5. You must really listen to what your prospect is saying! When you’re really listening to someone’s words, you become connected with that person. And, isn’t that the kind of connection that we all want? You can’t sell unless you truly understand your prospect’s problems and what they really want. You must sincerely listen to the prospect, so you can ask the right questions to clarify the prospects current situation and feelings. However, listening is less important than how you listen. By listening in a way that demonstrates understanding and respect, you build rapport with prospects, and that is the true foundation from which you can sell your prospects.
6. You must stay in constant contact with your prospects… and your current clients! It’s a simple rule of marketing, the more you stay in front of people who can do business with you, the more opportunities you have to earn their business. If you don't stay in touch, you'll be forgotten. And, if your clients, prospects, and business associates forget you, then they certainly won't do business with you (or refer people they know to you). Staying in touch is NOT about hounding your prospects and clients until they buy from you. It's about keeping in constant contact with them in positive, non-threatening ways. It’s letting them know what's going on, showing them you care, sending them reminders and providing information that's of value to them.
If you want to sell more annuities, then you must practice the above six simple solutions! These six simple solutions are what we focus on in our systems and with our coaching. It’s why the advisors we work with are able to set appointments with 70-90% of their seminar attendees. And, why these advisors are able to collect a million or more of annuity premiums every month!
By Lew Nason ‘The Nine Out Of Ten Guy’ Claim your free Report "How to Attract & Sell Your Perfect Prospects" at http://www.FastInsuranceSales.comWhere you'll learn how to make 6-figures a year in insurance.
Tuesday, January 13, 2009
Joint Life Insurance Policy Question - Get Help Joint Insurance
American Investment Training is the leader in insurance training and assistance for people with life insurance questions and connections to the best companies that offer life policies and others. Free help and questions answered.
We are a New York contract training company for many of the largest insurance carriers in the country specializing in Joint term and life plans to buy. We are licensed insurance agents and we are truly independent. We can contact you and give quotes based on your basic insurance needs. When dealing with an education company, you can be assured of not only getting several quaotes and options, but someone who will explain exactly what your life insurance options are and the best Joint plans to choose from.
We are licensed in New York and most other states. Insurance Questions - Investment Help - Fees, Service Options or any other question:
Joint Life Policy Broker Help
Training company of insurance professionals is available to help with any universal life policy question or other life insurance help.
Universal Life contracts can be confusing as to premium flexibility, cash values, death benefits and viability for retirement planning purposes.
We are professional educators and licensed insurance agents. We provide free policy help.
We are a New York contract training company for many of the largest insurance carriers in the country specializing in Joint term and life plans to buy. We are licensed insurance agents and we are truly independent. We can contact you and give quotes based on your basic insurance needs. When dealing with an education company, you can be assured of not only getting several quaotes and options, but someone who will explain exactly what your life insurance options are and the best Joint plans to choose from.
We are licensed in New York and most other states. Insurance Questions - Investment Help - Fees, Service Options or any other question:
Joint Life Policy Broker Help
Training company of insurance professionals is available to help with any universal life policy question or other life insurance help.
Universal Life contracts can be confusing as to premium flexibility, cash values, death benefits and viability for retirement planning purposes.
We are professional educators and licensed insurance agents. We provide free policy help.
Thursday, September 11, 2008
Tax Sheltered Annuity Plans: 403 (B )Plans
It is a great feeling to know that you have invested in a retirement program in which you can sit back and relax as you grow older. After working for many years, your desire is not to continue struggling to survive or have someone else take care of you. There are tax sheltered annuity plans, authorized by the IRS 403 (B) code, which are designed for retirement income accounts investing in annuities.
There are substantial benefits of having a tax sheltered annuity. These benefits include not paying on allowable contributions in the year they are made. The contributions of your retirement annuity plans are either excluded or deducted from your income. Another benefit is earning and gains are not taxed until they are withdrawn. And finally, you may be able to take a credit for elective referrals contributed to your account. Only an employer can set up tax sheltered annuity plans.
A portion of your income for retirement can be invested on a pre-tax basis. Among the options of the tax sheltered plans, are mutual funds, in addition to fixed and variable annuities. Enrollment in tax sheltered annuities is very easy. The first thing that you must do is select an investment company that will fit your needs. Second, you will need to contact the company and get an enrollment packet. The last step involved will be to submit a salary reduction agreement to your staffs' benefits office. The salary reduction agreement authorizes the employer to withhold part of your salary from your paycheck. The company you select cannot except your contributions until you open up an account.
Employers who purchase tax sheltered annuity plans enable employees to contribute tax-free dollars to a retirement plan. Annuities are really worth considering because your retirement can be greatly supplemented. In addition to supplementing your retirement, you can also use annuity plans as a back up in case of an un-expected family hardship.
Remember, when money is withdrawn from tax sheltered annuities, it is reported as income for tax purposes. The tax impact is usually not that bad if you withdraw around the age of 65. This is the age when income is usually less. It is a wonderful feeling to know that you have more than just a social security or pension check to look forward to. Source: Annuitiesinc dot com, Louis Zhang
To get a free guide on how annuities work go to www.annuitiesinc.com
There are substantial benefits of having a tax sheltered annuity. These benefits include not paying on allowable contributions in the year they are made. The contributions of your retirement annuity plans are either excluded or deducted from your income. Another benefit is earning and gains are not taxed until they are withdrawn. And finally, you may be able to take a credit for elective referrals contributed to your account. Only an employer can set up tax sheltered annuity plans.
A portion of your income for retirement can be invested on a pre-tax basis. Among the options of the tax sheltered plans, are mutual funds, in addition to fixed and variable annuities. Enrollment in tax sheltered annuities is very easy. The first thing that you must do is select an investment company that will fit your needs. Second, you will need to contact the company and get an enrollment packet. The last step involved will be to submit a salary reduction agreement to your staffs' benefits office. The salary reduction agreement authorizes the employer to withhold part of your salary from your paycheck. The company you select cannot except your contributions until you open up an account.
Employers who purchase tax sheltered annuity plans enable employees to contribute tax-free dollars to a retirement plan. Annuities are really worth considering because your retirement can be greatly supplemented. In addition to supplementing your retirement, you can also use annuity plans as a back up in case of an un-expected family hardship.
Remember, when money is withdrawn from tax sheltered annuities, it is reported as income for tax purposes. The tax impact is usually not that bad if you withdraw around the age of 65. This is the age when income is usually less. It is a wonderful feeling to know that you have more than just a social security or pension check to look forward to. Source: Annuitiesinc dot com, Louis Zhang
To get a free guide on how annuities work go to www.annuitiesinc.com
Tuesday, August 26, 2008
Selling Your Life Insurance Policy - Sell Policies
If you own a term, whole life, variable, universal life or most other life insurance policies, you may be able to sell the issue for a cash settlement.
If you are over age 55 and have a life insurance policy with a face amount of at least $500,000, there is a real secondary market of investors willing to pay cash to policy holders who no longer feel they need the issue.
There are many reasons why someone should explore the cash settlement option to transfer a policy. These transactions are done all of the time.
Selling or transferring a life insurance policy for a cash settlement is a growing market designed to provide a solution for many life policyholders. Viatical or life option transfers are available to people who qualify. There are many reasons why someone may want to sell an insurance policy, get a quote or transfer it for a cash settlement.
Life Option Case Studies - examples of viatical cash settlement amounts
A 75 year old man with term life insurance taken out many years ago was going to let the policy lapse. The insurance was no longer needed for the family protection it was originially intended for. Instead he sold the issue through a life option settlement and received $98,000 cash.
Get a quote and expert help on how to sell your term life or any life insurance for cash.
Any insurance plan can qualify for a quote and cash settlement. These include Term, Universal Life, Variable Universal (VUL) and Whole.
Age - For most settlement quote cases, the age of the insured should be 55 and over. If you are looking to sell a policy or if you are a broker agent contacting us on behalf of a customer looking for a selling option, contact us for a quote on your whole life or other insurance plan.
Get quote on what your policy is worth now. Answer 7 quick questions and see if your policy is worth 5 or 6 figure cash or more right now.
Sell A term Policy For Cash - Learn how you can transfer or sell a life insurance policy. Get a quote for existing convertible term policy holders:
Sell Your Life Insurance Quote
If you are over age 55 and have a life insurance policy with a face amount of at least $500,000, there is a real secondary market of investors willing to pay cash to policy holders who no longer feel they need the issue.
There are many reasons why someone should explore the cash settlement option to transfer a policy. These transactions are done all of the time.
Selling or transferring a life insurance policy for a cash settlement is a growing market designed to provide a solution for many life policyholders. Viatical or life option transfers are available to people who qualify. There are many reasons why someone may want to sell an insurance policy, get a quote or transfer it for a cash settlement.
Life Option Case Studies - examples of viatical cash settlement amounts
A 75 year old man with term life insurance taken out many years ago was going to let the policy lapse. The insurance was no longer needed for the family protection it was originially intended for. Instead he sold the issue through a life option settlement and received $98,000 cash.
Get a quote and expert help on how to sell your term life or any life insurance for cash.
Any insurance plan can qualify for a quote and cash settlement. These include Term, Universal Life, Variable Universal (VUL) and Whole.
Age - For most settlement quote cases, the age of the insured should be 55 and over. If you are looking to sell a policy or if you are a broker agent contacting us on behalf of a customer looking for a selling option, contact us for a quote on your whole life or other insurance plan.
Get quote on what your policy is worth now. Answer 7 quick questions and see if your policy is worth 5 or 6 figure cash or more right now.
Sell A term Policy For Cash - Learn how you can transfer or sell a life insurance policy. Get a quote for existing convertible term policy holders:
Sell Your Life Insurance Quote
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