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
