life insurance settlement

 

life insurance settlement is when the policy holder sells his or her life insurance policy for a cash amount.  This settlement stops the monthly premium payments for the policy holder.  The buyer of the life insurance policy, usually an investor/financial institution, continues the premium payments and receives the death benefits when the insured dies.

 

The two kinds of life insurance settlements depend on the health of the insured.  Senior or Life Settlements are for policy holders over 65 who are not terminally ill and have decided that they do not want or need the policy anymore or the policy is becoming too expensive and they don't have the income to pay for the premiums.  Viatical settlements are for those who are terminally ill.

 

The sale price is determined by the fair market value of the policy.  Here is an article on fair market value: http://www.calbrokermag.com/Magazine/story/april/LifeSettlements-Mountain.htm.  

 

Companies who will buy your policy:

http://www.ideal.bz/

 

http://www.life-insurance-settlement.com/life-insurance-settlement.html

 

Check out a company with the Better Business Bureau before you do business with them:  http://search.bbb.org/search.html.

 

Insurance Directory

Health by Category

 

 


About Ordering Onlinea ora Money Order aaaAbout HINaaa Home

Disclaimer:  healthinformationnews.com does not give medical, psychological or legal counsel, referrals or services.  
Copyright 2004 - 201
7 Lava Star LLC, All Rights Reserved, Worldwide
Phone: 913-269-3177, Email: info @ healthinformationnews.com

Other websites owned by Lava Star LLC: Electronic Books Here, Autism Index, See Cove, Movie Stars Index