A Life Settlement is the process of selling your life insurance policy to a financial institution or investor to get the highest amount of cash in exchange for your policy. This settlement is perfect for those who are above 75 years of age, retired from their job, and are in need of liquidity. Sometimes seeking help from relatives or children might be challenging. But with a life settlement, the retiree becomes not only financially stable, but also feels mentally strong as they receive a lump sum amount to meet their immediate financial expenses like assisted living, mortgage, and other bills.
Several advantages are related to a life settlement. The first is definitely access to a potentially large cash intake. Secondly, the policyholder, who is normally above 75 years of age, has no risk at all. He or she can refuse any deal if the amount is not up to expectations.
There are several financial institutions that buy life insurance policies. They often pay much more compared to the surrender value offered by the insurance companies. However, it is very important to remember that the payout amount is based on several factors such as the amount of policy’s death benefit, the insured’s health, the cost of insurance, and the number of policies available in the market for sale, as well as the average return offered by Life Settlement firms. On average, a policyholder can expect to get 1 to 3 times more than the surrender value. If the market has more life insurance policies available for sale, then this percentage will remain low. But, when there are few policies available, this percentage might increase.
Life settlements are a fantastic way to meet your immediate financial needs without any extra burden.
For more details please visit us at http://www.opulencapital.com/