Frequently Asked Questions
Q1. What is my life insurance policy worth?
A1. The lump-sum that you would be offered for your life insurance policy differs, according to your individual information. As a result, this makes it impossible for a "typical amount". However, if pre-qualified, we can tell you that you may receive 2-5 times what your cash surrender value is.
Q2. Is a life settlement a smart financial option for me?
A2. If you are unable to continue paying expensive premiums for an unneeded policy, then a life settlement can be a very wise decision.
Q3. How come I have not heard about life settlements?
A3. Life settlements are starting to become more popular than ever with the baby boomers approaching retirement, with a poor economy, many cannot afford their life insurance policy premiums. Rather than letting the policy lapse or get a low cash surrender value, many are opting to utilize the advantages of selling their life insurance policy for typically 2-5 times what the cash surrender value is.
Q4. Who should consider a life settlement?
A4. Generally speaking, if one is over the age of 75 years old, and struggling to maintain their life insurance premium, and the policy has been paid on for at least 2 years, a life insurance settlement could, perhaps, be an ideal solution to alleviate the financial burdon of a high monthly premium.
Q5. What is the minimum policy face value?
A5. Typically, it is ideal to have a policy with a face value of $250,000 or higher, however, if you are face value is close, yet under this amount, feel free to contact us.