Expand Your Legacy and Your Heir's Inheritance with Life Settlements

The Cost of Life Insurance Has Drastically Changed

Today, with longer life expectancies and lower death rates, some of the lowest life insurance rates in history have resulted. Seniors are living longer, and insurance rates have adjusted accordingly. This usually means that many current life insurance policies are outdated or inefficient when compared to newly issued policies that provide larger benefits with a lower premium.

Life Settlements are becoming more and more popular for seniors looking to exit or lapse their current coverage for policies that are more practical.

Life settlements transfer ownership, beneficiary, and all future premiums to a third party investor in exchange for a lump sum cash settlement. This way, the cash surrender value of whole and universal life policies function the same as a 1035 exchange. The seller receives a much higher dollar amount for ending the coverage. The most exciting thing about life settlements, is the ability to get a settlement for a term policy that is going to be lapsed or ended. Term insurance, usually thought to be of no cash value, can be sold for a substantial percentage of the face value, instead of lapsing the coverage for a total loss.

People are sometimes hesitant to look into a life settlement because of the impact on their inheritance. People that buy life insurance have other family members or interests in mind, while they struggle with the high cost of a large life insurance policy. The ease of reissued more manageable policies that cover their beneficiaries needs and interests, along with the possibility of getting a large amount for their current policy, is why life settlements have doubled in the last 4 years.

To find out more about how the life settlement process works, and look at your situation, please contact Linda at Freedom First Funding. 877 386 3374.

www.freedomfirstfunding.com