Life Insurance Settlements
Most people know I live “out-side the box”, and come to me with odd requests.
“Can I sell my life insurance” is one that is being asked more frequently !
Life Insurance Settlements are a very new investment opportunity. Many clients are asking ” CAN I SELL MY LIFE INSURANCE”, and the answer is probably.
There are many details in selling a life insurance policy, it is much like selling a house or any other hard asset:
- You have to determine the value
- You have to find a buyer willing to pay, what you think it is worth
- You have to construct a contract between the parties involved based on the opportunity.
- You have to go through a closing and underwriting process..much like a mortgage or new home purchase.
- Then there is the closing
- Then funding and transfer of asset.
The process could take from 30-180 days depending on the opportunity.
The market also plays a part, because it is an investments the investment houses and funders look at it as such and are more willing to buy if their market opportunities elsewhere are down.
Your age, health condition and the face amount will also play a big part.
The owner of the policy will also play into the transaction.
I was recently working with a 76 year old client who had $20,000,000 in life insurance (with $4.5 million in cash value) as an opportunity , which its opportunity is much different than someone who is 60 years old with a $500,000 term policy.
We take every case, and treat them like it is our only one.
We make the investors and institutions fight for your opportunity, to ensure we can get the most cash value for your asset.
Call us today, to see if your Life Insurance Policy can provide you with needed cash.
You can also get an idea of the valuation of your asset, buy using our Life Insurance Settlement Calculator
If you have any questions about the valuation, call us toll free 866-526-9669
