by Rich Schlueter

Are you no longer in need of your life insurance policy?
 
Life insurance often outlives its original purpose and while it can be argued that life insurance is often a superior option vs. others when considering heirs, you may find that providing value to you while you are alive is a desirable or even necessary.
 
If you are 65 or older, own a whole life, universal life, or term life insurance policy, and have declining health (life expectancy of 15 or fewer years) you may be in a position to consider a Life Settlement.
 
If this profile fits you, your need for life insurance has diminished, and you are considering letting the policy lapse or you need the cash value for another purpose a Life Settlement may be for you. It will allow you to receive more funds than your cash in the policy with the original insurance company. Instead of cashing in the policy with the original insurance company, you would work with a life settlement broker to sell the policy to a financial institution that will pay more than the original insurance company.

If your life insurance policy has a death benefit of $100,000 or more and you your personal circumstances match those outlined above we invite you to contact us to discuss whether or not you are a suitable candidate for a Life Settlement.

Rich can be reached at 1-800-492-1222, ext 1672.

Life Settlements are not available in Alaska, Kentucky, Montana, North Dakota, or West Virginia. You should consult with your tax advisor prior to entering into a Life Settlement transaction.