You bought life insurance for a reason. If you are need of retirement income, and your life insurance policy is no longer needed, a life settlement may be right for you!
Our insured in this illustration is an 83-year-old entrepreneur. His Partnership purchased a $1.3 million Universal Life policy in 1995 when the planned premium was $13,000.
But life and circumstances change. The insurance carrier recently – and unexpectedly – increased the cost of insurance on the policy to $95,000 – over 7 times the original planned premium!
Now what are his options?
The insured should know that his life insurance is a capital asset that has value. And like any capital asset with value, it can be sold for a fair market value price.
A Life Insurance Settlement is the sale of insurance to third party for fair market value cash.
We are financial advisors who specialize in life settlement, so we can help you evaluate whether this option is right for you (it may or may not be, but you should know your options).
Contact us to schedule a no obligation consultation, or find out if you might qualify for a life settlement here.