Click here to read about increasing prices for policies you no longer need or want.
Settlements For Life - Enhancing The Value Of Your Life
877-588-5558
www.settlementsforlife.com
info@settlementsforlife.com
Wednesday, January 11, 2012
Wednesday, May 18, 2011
Life Settlements Market Improves
The senior life settlements market is improving!
Per a major buyer that has just released first quarter 2011 statistics, bids for policies are up nearly 50%, bids being accepted have increased and the amount of life insurance policies submitted for evaluation have increased.
Whereas several years ago the average price for a senior life insurance policy averaged about 22% of the death benefit amount, the average price paid by one buyer was about 13% of death benfit amount. Most on life insurance policies between $1 million and $3 million face amount. Other buyers are still paying higher than 13%, depending on various factors.
The avreage age of insureds selling policies has increased to between 80 and 85 years old,with 81 being the actual average number. This is due to the increased life expectancies seen in the secondary market today.
The average life expectancy on purchased policies was between 7 and 10 years.
The market is showing interest by an increasing number of buyers. Settlements For Life just received an offer of $1 million on a $5 million life insurance policy, has successfuly sold other cases recently, and has more inventory to sell. Settlements For Life is a national life settlement broker and has been in business since 2003.
For more information about selling your policy or the policy of a client contact Settlements For Life. 877-588-5558. Email:info@settlementsforlife.com. http://www.settlementsforlife.com/
Per a major buyer that has just released first quarter 2011 statistics, bids for policies are up nearly 50%, bids being accepted have increased and the amount of life insurance policies submitted for evaluation have increased.
Whereas several years ago the average price for a senior life insurance policy averaged about 22% of the death benefit amount, the average price paid by one buyer was about 13% of death benfit amount. Most on life insurance policies between $1 million and $3 million face amount. Other buyers are still paying higher than 13%, depending on various factors.
The avreage age of insureds selling policies has increased to between 80 and 85 years old,with 81 being the actual average number. This is due to the increased life expectancies seen in the secondary market today.
The average life expectancy on purchased policies was between 7 and 10 years.
The market is showing interest by an increasing number of buyers. Settlements For Life just received an offer of $1 million on a $5 million life insurance policy, has successfuly sold other cases recently, and has more inventory to sell. Settlements For Life is a national life settlement broker and has been in business since 2003.
For more information about selling your policy or the policy of a client contact Settlements For Life. 877-588-5558. Email:info@settlementsforlife.com. http://www.settlementsforlife.com/
Wednesday, January 12, 2011
Agents Should Rely on Broker in Senior Life Settlement Process
During tough economic times agents in senior life settlements cases need to rely on a broker that has current industry knowledge and is up to date with the most responsive buyers and purchasing programs. The agent must also be aware of the changes that are occurring in today's market such as mortality increase and buyer availability. Settlements For Life's knowledge and expertise help agents become aware of changes in the market and lets them know exactly what to expect.
Call Settlements For Life today.
Enhancing The Value Of Your Life
National Life Settlement Broker Since 2003
877-588-5558
http://www.settlementsforlife.com/
info@settlementsforlife.com
Call Settlements For Life today.
Enhancing The Value Of Your Life
National Life Settlement Broker Since 2003
877-588-5558
http://www.settlementsforlife.com/
info@settlementsforlife.com
Wednesday, January 05, 2011
What Kind Of Life Insurance Policies Qualify For A Senior Life Settlement?
Universal Life, Whole Life, Term Life and in some cases Survivorship and Variable policies can qualify for a sale to get one the cash they need from a policy they no longer need or want.
Typically, in today’s market buyers are looking for the following:
· Insureds 65 years old and older
· Face amounts (death benefit) between $100,000 and $30,000,000
· Premium amounts of 5% per year of face amount
· Usually, and depending on age, the insured must have had some health issues since the life insurance policy was issued
Submit your case to see if you qualify - http://settlementsforlife.com/cons_submit.htm
There are many factors that make a policy attractive to a buyer. Using a viatical settlement broker is the best way to determine if your life insurance policy has potential value on the secondary market or life settlement market.
An experienced life settlement or viatical broker will guide you through the process and make sure buyers pay you what your policy is worth.
Please call Settlements For Life today to discuss how we may help you sell your policy.
Settlements For Life
Enhancing The Value Of Your Life
National Life Settlement Broker Since 2003
877-588-5558
Tuesday, January 04, 2011
Can I Sell My Term Life Insurance Policy?
As a senior life settlement broker we are asked by clients if they can sell their term life insurance policies on the secondary market. The answer is Yes. Selling a term life insurance policy is a great idea for a policy owner who no longer needs or wants the policy and is inclined to let it lapse. Letting the policy lapse is a bad option because there is no cash value in the policy. All of the premiums invested in the policy are gone. You can sell your term life insurance policy, possibly for a significant amount of cash. The term policy must be convertible to a whole life or universal life policy.
Call Settlements For Life for more information.
Settlements For Life
Enhancing The Value Of Your Life
Thursday, December 30, 2010
Life Insurers Must Notify About Senior Life Settlement Option Under NCOIL Model
NCOIL (The National Conference of Insurance Legislators) has adopted a model that requires insurance carriers to inform life insurance policy holders that selling one's life insurance policy can be a viable alternative to surrendering one's policy.
Consumers/life insurance policy owners will benefit from the new NCOIL model because in most cases one can get more cash by selling their policy in a life settlement transaction than if they just surrender their policy for cash value. Selling one's policy is already a very popular concept and a valuable tool for those 65 and older who have life insurance policies but no longer need or want them. In addition, most states have approved the life settlement process by passing laws which give policy owners protections during the process.
The NCOIL Model requires insurance carriers to notify policy holders over age 60, or who are terminally ill, that they have alternatives. Alternatives include selling a policy on the secondary market.
For more information about selling your life insurance for cash now, rather than taking less from the insurance carrier, call a representative at Settlements For Life. Settlements For Life is licensed in most states and has been a national life settlement broker and viatical broker since 2003. Settlements For Life is regarded as one of the most experienced and trusted names in the life settlement business.
We work direct with life insurance policy owners and financial advisors to get the most cash for a life insurance policy.
Settlements For Life
Enhancing The Value Of Your Life
http://www.settlementsforlife.com/
info@settlementsforlife.com
877-588-5558
Consumers/life insurance policy owners will benefit from the new NCOIL model because in most cases one can get more cash by selling their policy in a life settlement transaction than if they just surrender their policy for cash value. Selling one's policy is already a very popular concept and a valuable tool for those 65 and older who have life insurance policies but no longer need or want them. In addition, most states have approved the life settlement process by passing laws which give policy owners protections during the process.
The NCOIL Model requires insurance carriers to notify policy holders over age 60, or who are terminally ill, that they have alternatives. Alternatives include selling a policy on the secondary market.
For more information about selling your life insurance for cash now, rather than taking less from the insurance carrier, call a representative at Settlements For Life. Settlements For Life is licensed in most states and has been a national life settlement broker and viatical broker since 2003. Settlements For Life is regarded as one of the most experienced and trusted names in the life settlement business.
We work direct with life insurance policy owners and financial advisors to get the most cash for a life insurance policy.
Settlements For Life
Enhancing The Value Of Your Life
http://www.settlementsforlife.com/
info@settlementsforlife.com
877-588-5558
Wednesday, December 22, 2010
SELL YOUR LIFE INSURANCE POLICY - DON'T SURRENDER IT
You have a legal right to sell your life insurance policy! Yes, selling your policy is legal and there are laws to protect you in most states.
In difficult financial times seniors looking for additional sources of cash should look to their life insurance policies. If the death benefit is no longer needed because one’s heirs will no longer need the death benefit or one’s estate tax situation has changed, why continue to pay potentially costly premiums?
One might receive many times the cash value that a life insurance company would pay if a life insurance policy is surrendered. A Senior Life Settlement could be right for you.
Visit our web site for more information on why you would sell a life insurance policy and how to start the process. Then call us so we can assist you in getting the cash you need now.
Settlements For Life’s President and Founder is a CPA with years of experience in the life insurance and life settlement markets. You can count on Settlements For Life to provide you with TIP – Trust, Integrity and Performance in the implementation of our Life Enhancement Program.
Call us right now!
Settlements For Life, LLC
Enhancing The Value Of Your Life
877-588-5558
http://www.settlementsforlife.com/
mailto:info@settlementsforlife.com
In difficult financial times seniors looking for additional sources of cash should look to their life insurance policies. If the death benefit is no longer needed because one’s heirs will no longer need the death benefit or one’s estate tax situation has changed, why continue to pay potentially costly premiums?
One might receive many times the cash value that a life insurance company would pay if a life insurance policy is surrendered. A Senior Life Settlement could be right for you.
Visit our web site for more information on why you would sell a life insurance policy and how to start the process. Then call us so we can assist you in getting the cash you need now.
Settlements For Life’s President and Founder is a CPA with years of experience in the life insurance and life settlement markets. You can count on Settlements For Life to provide you with TIP – Trust, Integrity and Performance in the implementation of our Life Enhancement Program.
Call us right now!
Settlements For Life, LLC
Enhancing The Value Of Your Life
877-588-5558
http://www.settlementsforlife.com/
mailto:info@settlementsforlife.com
Subscribe to:
Comments (Atom)