Life Settlement: Receive the Highest Payment

Author: Grant Shellhammer
Source: articleage.com

A life settlement also known as a life insurance settlement, senior life settlement, or a senior settlement is quickly becoming a beneficial option for senior citizens across the nation. Life settlements allows senior to cash in their life insurance, but in a new way. Instead of cashing in their policy with the original life insurance company, they can work with a life settlement broker to cash in their policy with a financial institution that will pay more than their insurance company’s surrender value.
Seniors nationwide are quickly learning that surrendering their life insurance policy to their insurance company will not always reward them with the highest payment. Many insurance companies offer a low cash value and some policies don’t have cash value at all. Life Settlement brokers and companies have the ability to do a brief analysis to determine if the settlement will be greater than the cash value. Life Settlements also do not require any obligation, costs, medical exams, or hassles. Seniors can find out the true value of their policy through a Life Settlement and do not have commit to selling the policy.
The life settlement broker will take a basic application and then find out the value of the policy, if the life settlement amount is not what the senior expected or is too low, the senior does not have to move forward. There is no risk involved for the senior. Another key benefit for seniors and financial professionals utilizing a life settlement broker is the financial resources. A broker will use a handful of financial institutions and investors to find the highest payment for the policyholder. Brokers will also use the power of negotiations to the net policyholder a higher payment.
A life settlement can be a wonderful financial planning tool. It is however important to take the correct steps to receiving the highest settlement payout. The process can be completed quickly once the initial analysis has been completed on the policy and the policyholder.
Insurance agents, accountants, and financial professionals can also work with a life settlement broker to assist their clients with the process. A financial professional not offering a settlement option to a policy holder who is going to lapse or surrender their policy is not following their fiduciary duties.
Grant Shellhammer is located in sunny Orlando, FL. He is a licensed insurance agent and affliate Life Settlement Broker with Life Settlement Pro. Grant works with senior citizens and financial professionals nationwide to receive the highest available offers for their life insurance policies.
Contact details:

grant@lifesettlementpro.com

1.888.973.8377

http://www.lifesettlementpro.com

Life Settlements, More than a Cash Surrender Payout

Author: Grant Shellhammer
Source: articleage.com

With a life insurance settlement, seniors now have the ability to receive a payout larger than their cash surrender value. Life insurance companies have always had the advantage by offering a low cash surrender payout for unwanted or unneeded life insurance policies. Now however, senior consumers are using a life settlement to receive a large lump payout for their insurance policy.

A life insurance settlement, (also referred to as a senior life settlement or life settlement) is a financial transaction in which a senior citizen possessing an unneeded or unwanted life insurance policy sells the policy to a third party, as opposed to surrendering or lapsing it back to the life insurance company. The seller receives immediate cash for the policy from the purchaser. The purchaser becomes the new beneficiary of the policy at maturation and is responsible for all premium payments from the time of the purchase until the seller passes away.

For senior citizens to receive an estimate on the amount available to them, they simply need to sign a release and provide information about the policy, there is no need for a physical or medical visit. “The life settlement process is a very simply process,” says Grant Shellhammer of Life Settlement Pro, “Once
the necessary documents are received we can provide an estimate of the settlement amount, there is never any obligation or cost to the client.” With life insurance policies being surrendered and lapsed on a daily basis, it is important for consumers to understand how beneficial a life settlement can be.

There is no standard amount available through a life settlement and every individual case is different. The industry has seen anywhere from 2-10 times the case surrender value available through a life settlement. Many seniors are not aware that there is potentially a lot more value in their policies.

The education and availability of life settlements could also be blamed on the agents and financial professionals. They have a duty to provide their clients with the best options and recommendations. By letting a policy lapse or surrender without seeing if a life settlement is available is not servicing your clients correctly. “We gladly work with agents and financial professionals across the nation to help them assist their client with life settlements,” stated Grant Shellhammer.

No longer should you just settle for a cash surrender payout; find out if a life insurance settlement can pay you more.
Grant Shellhammer is located in sunny Orlando, FL. He is a licensed insurance agent and affliate Life Settlement Broker with Life Settlement Pro. He works with senior citizens and financial professionals nationwide to receive the highest available offers for their life insurance policies.

Contact details:

grant@lifesettlementpro.com

1.888.973.8377

http://www.lifesettlementpro.com