What Makes Policysettlement.com Different?
At Policysettlement.com senior citizens can prequalify instantly for a life insurance settlement or viatical settlement and get full commission disclosure before deciding if they want to pursue it.
During the first step of our process, the one-of-a-kind LIVEpdq tool allows us to instantly determine if your policy is likely to qualify for a life insurance settlement or viatical settlement, the estimated selling price, and the total commission you should expect to pay if your policy is sold.
Step two of our process goes beyond an estimate and allows you to obtain a documented formal appraisal of your policy's life insurance settlement or viatical settlement value. Of utmost importance, this valuation is provided without anyone accessing your private medical records.
The LIVEpdq estimator is based on:
- Your brief answers to basic health questions
- Policy information you provide
- Comparables from similar life insurance settlement or viatical settlement files
Our formal settlement valuation is based on:
- Your specific life expectancy
- Precise illustrations of your policy's future premium costs
- Current requirements of potential buyers
Competing life insurance settlement processes:
- Can take months to complete
- Can be extremely invasive to your privacy
- May pass personal information to strangers without preliminary indication you even qualify for a life insurance settlement or viatical settlement
Our life insurance settlement/viatical settlement process:
- Faster
- More private
- More transparent
What Is The Difference Between A Life Insurance Settlement And a Viatical Settlement?
A life insurance settlement and a viatical settlement are both sales of a life insurance policy for an amount less than the death benefit but greater than the cash surrender value of that policy. A life insurance settlement can be available for an insured with a life expectancy between 2 and 25 years. A viatical settlement is only for an insured with a life expectancy of 2 years or less.
Most often, settlement buyers are financial institutions who provide a lump sum cash settlement in exchange for ownership (and future benefits) of the policy. The amount you are paid for your settlement represents the present day value of the policy. It is determined by the senior insured's life expectancy, the anticipated outlay of keeping the policy in force during their lifetime, and the buyer's expected rate of return.
Life insurance settlement and viatical settlement proceeds can be used in any way. They can even help purchase new lower costing life insurance, thus reducing or even eliminating the policy owners out of pocket cost for life insurance.
Option 1:
I Understand Life Settlements and am ready to get started now.
Option 2:
I would like to learn more about Life Settlements.
