Let us create a 3D eBook for you!
Let us create a 3d Digital eBook for you! DigyCat.com

Life Settlements, More than a Cash Surrender Payout


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


MORE RESOURCES:

Insurance - Google News

This RSS feed URL is deprecated

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Insurance Industry Bands Together to Make a Difference in North Carolina City - Insurance Journal


Insurance Journal

Insurance Industry Bands Together to Make a Difference in North Carolina City
Insurance Journal
A group of insurance and risk management professionals are working together to make a difference in one of North Carolina's largest cities. The group, Community Matters: Insurance Partners of Charlotte, started in 2012 to help raise funds to build a ...

Firms buy insurance 'in mad panic' as cyber-attacks soar - BBC News


BBC News

Firms buy insurance 'in mad panic' as cyber-attacks soar
BBC News
With cyber-attacks increasing in frequency and severity, many companies are turning to insurance to cover their mounting losses. But can insurers quantify the risk accurately and could insurance lead to corporate complacency? Many firms feel like they ...

and more »

5 Important New Insurance Executive Changes - ThinkAdvisor


ThinkAdvisor

5 Important New Insurance Executive Changes
ThinkAdvisor
5 Important New Insurance Executive Changes. Symetra's benefits division is getting a new head. Harry Monti (Photo: Symetra). Symetra Life Insurance Company has named Harry Monti to be the senior vice president in charge of its group life and ...

School system insurance benefits raise questions - Crossville Chronicle


School system insurance benefits raise questions
Crossville Chronicle
The Cumberland County school system may have under-collected more than $1.1 million in insurance premiums from certified personnel, Human Resources Director Liz Broderick told the Cumberland County Board of Education during the Jan. 6 work session. “We ...

Have expensive insurance? Thanks to Irma, it may soon go up - WTSP 10 News


WTSP 10 News

Have expensive insurance? Thanks to Irma, it may soon go up
WTSP 10 News
These cases often involve situations where AOBs have been signed over to a contractor who then has their claim denied by the insurance company. This leaves the policyholder in limbo, sometimes with unfinished work on their home, other times liable for ...
In first week of Session, Florida House took big steps toward insurance reform Florida Politics (blog)

all 3 news articles »

Nationwide Insurance Rolls Out Proof of Insurance on the RiskBlock Blockchain - Bitcoin Magazine


Bitcoin Magazine

Nationwide Insurance Rolls Out Proof of Insurance on the RiskBlock Blockchain
Bitcoin Magazine
“The current way that drivers provide proof of insurance is cumbersome and uncertain,” said Christopher G. McDaniel, executive director of The Institutes RiskBlock Alliance in a statement. “Sharing proof of insurance through blockchain is key to ...

and more »

Insurance billing notices threaten young adults' confidentiality - Reuters


Insurance billing notices threaten young adults' confidentiality
Reuters
By Ronnie Cohen(Reuters Health) - Young adults can remain on their parents' health insurance policies until they turn 26, but when they use it for counseling, pregnancy tests, addiction treatment or anything else, insurers frequently notify their ...

and more »

Another lesson from Montecito — even in semi-arid Southern California, we need flood insurance - Los Angeles Times


Los Angeles Times

Another lesson from Montecito — even in semi-arid Southern California, we need flood insurance
Los Angeles Times
Mudslide usually is excluded from typical home insurance. Instead, it is covered by flood insurance. And it is a reasonable bet that few inland Montecitans have flood insurance. Why would they? They simply couldn't conceive of being flooded out of ...

and more »

High-End Wealth Managers Are Embracing Private Placement Life Insurance (PPLI) - Forbes


High-End Wealth Managers Are Embracing Private Placement Life Insurance (PPLI)
Forbes
Private placement life insurance is becoming a staple on the high-caliber wealth manager's platform. Lacking this tool can often be a serious missed opportunity for financial advisors and their affluent clients. But, that need not be the case ...

and more »

LargeFriends.com - the best dating site for plus-sized singles!
SuccessfulMatchCentral.com - the best dating site for plus-sized singles!

PreLaunchX

DigyCat Domain Is For Sale - $105,000 For Enquiries eMail Us

© www.DigyCat.com - 2012

home | site map | links