Getting life settlement quotes for free seems like it may be difficult. However, getting your life insurance policy appraisal is easier than ever with eLifeSettlement. They grant it's users access to an instant life insurance policy appraisal system, which can tell you how many investors are typically interested in a similar policy and what that kind of policy goes for on the open market.
Life settlement quotes, or a life insurance policy appraisal, can be used for those who are over the age of 70, and currently pay for an unwanted, unneeded, or unaffordable policy. Do not let your policy lapse or cancel your coverage. You may be able to get far more money if there is demand for your policy on the open market. Getting a life settlement appraisal take just seconds, and best of all, eLifeSettlement has great ratings in the community.
Best of all, there is no out of pocket expenses if you wish to proceed and sell your life insurance policy, eLifeSettlement gets paid a percentage from the actual buyer, so the same person that pays you, pays them. The more money eLifeSettlement negotiates on your behalf, the bigger check the buyer must cut. For this reason, it is clear to see why they have such a great rating with the BBB, and in the local community. Simply put, this company is on your side and has the experience, knowledge, and work ethic to get you top dollar for your policy.
Saturday, April 7, 2012
Tuesday, December 20, 2011
Life Settlement Tips: When to Find a Life Settlement Company
If you have been considering letting your life insurance policy lapse, and or just cancelling the policy all together, you should heed my warning. Read this post first! They're a multitude of reasons as to why you should not let your policy go, primarily financial. You may be able to obtain a far more favorable cash offer on your policy.
That's right. Did you know that you could get up to four times the cash surrender value by completing a life settlement? You may be thinking "Yeah, but there are probably some really stringent requirements that I must meet before I can complete a life settlement and sell my life insurance policy!" There are a few specific factors that must be met in order for one to be considered a life settlement candidate. First, you will want to make sure you are at least 65 years of age. Second, you want to ensure that your policy has been active for 2 years, this ensures that the policy is out of the contestability period. Typically, the investors want to ensure that your policy has a face value of at least $50,000; with most requesting policies in excess of $200k. If you meet the aforementioned criteria, than you should get a free policy appraisal. If you have paid money, for years and years, into the life insurance policy, and no longer need it; why should you get the short end of the stick?
Many times, we are unaware of our options, the reason why life settlements are not advertised on TV that much is that there is a few requirements that eliminate many of the potential candidates, meaning, many companies who advertise on TV will lose money. So if you are looking for a way to monetize from your unwanted or unneeded life insurance policy, consider completing a life settlement.
That's right. Did you know that you could get up to four times the cash surrender value by completing a life settlement? You may be thinking "Yeah, but there are probably some really stringent requirements that I must meet before I can complete a life settlement and sell my life insurance policy!" There are a few specific factors that must be met in order for one to be considered a life settlement candidate. First, you will want to make sure you are at least 65 years of age. Second, you want to ensure that your policy has been active for 2 years, this ensures that the policy is out of the contestability period. Typically, the investors want to ensure that your policy has a face value of at least $50,000; with most requesting policies in excess of $200k. If you meet the aforementioned criteria, than you should get a free policy appraisal. If you have paid money, for years and years, into the life insurance policy, and no longer need it; why should you get the short end of the stick?
Many times, we are unaware of our options, the reason why life settlements are not advertised on TV that much is that there is a few requirements that eliminate many of the potential candidates, meaning, many companies who advertise on TV will lose money. So if you are looking for a way to monetize from your unwanted or unneeded life insurance policy, consider completing a life settlement.
Friday, December 16, 2011
When to Consider a Life Settlement
Have you ever considered completing the transaction known as a life settlement? For many seniors, a life settlement may be the solution if a life insurance policy is currently unwanted or unneeded. A life settlement will allow a senior citizen to sell their life insurance policy, and no longer worry about the high premiums associated with it. The most sought after benefit is the large lump sum that many investors are willing to pay for these policies.
Many times, life settlement investors will want to see that you have a life insurance policy in excess of $50,000. Additionally, whether you have term life, whole life, or universal life; does make a difference, as different investors prefer different policies. Keeping this in mind, it would be wise to speak to a licensed life settlement broker, who has access to the largest amount of investors, banks, and hedge funds. You may be wondering, "What qualifications must I meet to complete a life insurance settlement?" The answer is simple, any! Some sell their life insurance policy because they under estimated the cost of retirement, want to go on a dream vacation, put monies into a college fund, or just because they would prefer to get a lump sum cash.
With so much turbulence in this economy, it may be scary leaving yourself vulnerable by not having a sufficient monthly cash flow, nor a diversified portfolio. Liquidating a life insurance policy, in some instances, can help the aforementioned problems. For more information on life settlements, click here.
Many times, life settlement investors will want to see that you have a life insurance policy in excess of $50,000. Additionally, whether you have term life, whole life, or universal life; does make a difference, as different investors prefer different policies. Keeping this in mind, it would be wise to speak to a licensed life settlement broker, who has access to the largest amount of investors, banks, and hedge funds. You may be wondering, "What qualifications must I meet to complete a life insurance settlement?" The answer is simple, any! Some sell their life insurance policy because they under estimated the cost of retirement, want to go on a dream vacation, put monies into a college fund, or just because they would prefer to get a lump sum cash.
With so much turbulence in this economy, it may be scary leaving yourself vulnerable by not having a sufficient monthly cash flow, nor a diversified portfolio. Liquidating a life insurance policy, in some instances, can help the aforementioned problems. For more information on life settlements, click here.
Thursday, February 24, 2011
Life Settlements - Finding a Reputable Life Settlement Company
First, a life settlement, or life insurance settlement, is when a life insurance policy owner sells his/her life insurance policy for a lump sum of cash. Typically a bank, investor, or hedgefund purchases these life insurance policies from individuals. Life settlement brokers typically bring together the life insurance policy, and the owner of the life insurance policy. Finding a reptubale life settlement company can come with some challenges. The reasons for this are numerous, however, we will guide you step by step on what procautions you should take before giving out your personal information over the internet.
You may be thinking, wow this sounds great, I have alot of life insurance. Keep in mind, most life settlements are done once you reach 75 years of age or older. In addition, the face value, many times, must be over $250,000 in value. The higher the face value in the life insurance policy, typically, the more money you will receive. You may be thinking, well I can just turn my life insurance policy in to the life insurance company for my cash surrender value. Sure you can, but many times, people like to get what something is worth, not fraction of what it is worth.
Also, you want to make sure that the life settlement company you are working with is licensed by the state to do life settlements. Each state has different requirements regarding life settlements. Many times you can ask for the life settlement company to furnish you with information regarding licensing. Not just anyone can help you sell your life insurance policy.
Now that you know the criteria, you first want to make sure after you find your life settlement company, you make sure they are accreditted with the Better Business Bureau, more importantly, make sure they have a good rating, a "B" rating or better is typically good. A life settlement can provide you with a large lump of sum of cash, here is an "A-" rated life settlement company.
You may be thinking, wow this sounds great, I have alot of life insurance. Keep in mind, most life settlements are done once you reach 75 years of age or older. In addition, the face value, many times, must be over $250,000 in value. The higher the face value in the life insurance policy, typically, the more money you will receive. You may be thinking, well I can just turn my life insurance policy in to the life insurance company for my cash surrender value. Sure you can, but many times, people like to get what something is worth, not fraction of what it is worth.
Also, you want to make sure that the life settlement company you are working with is licensed by the state to do life settlements. Each state has different requirements regarding life settlements. Many times you can ask for the life settlement company to furnish you with information regarding licensing. Not just anyone can help you sell your life insurance policy.
Now that you know the criteria, you first want to make sure after you find your life settlement company, you make sure they are accreditted with the Better Business Bureau, more importantly, make sure they have a good rating, a "B" rating or better is typically good. A life settlement can provide you with a large lump of sum of cash, here is an "A-" rated life settlement company.
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