With the sale of an Arizona Life Settlement, a senior citizen can receive a cash payment for the value of their life insurance policy from a third party in the state of Arizona. The settlement is less than the face value, but, more than the surrender value of the policy. With the transaction complete, the senior citizen no longer has the high monthly premiums to pay on the policy which allows them more freedom with their finances.
Each state has its own guidelines regarding life insurance settlements which are enacted to protect the seller. For instance, in Arizona, all insurance providers must be pass an examination in order to be licensed and they are obligated to comply with each of the laws within the state. However, the providers are also required to receive continuing education to maintain their license, like in many of the other states. Other regulations regarding a Arizona Life Settlement are designed to protect the interests of the owner of the life insurance policy when they sell their policy to a financial institution that invests in such life insurance policies.
Changes are being made all the time regarding life settlements. If you want to get the most value out of your life insurance policy, be certain that you are working with an up-to-date Life Settlements professional who will be able to assist you when it comes time for you to take cash settlements on your policies. Your Arizona Life Settlement professionals will do the work for you and will keep you informed on all the changing laws state-by-state. He will bring you cash offers from the Secondary Market of financial institutions that purchase these life insurance policies. You life insurance policy has been increasing in value steadily during the years you have owned it, from the perspective of the secondary market. Your life insurance policy is now worth more than you would get from the life insurance company by taking a lower face amount on a paid up policy or accepting the CSV or Cash Surrender Value.
Let us help educate you! Learn more about an Arizona Life Settlement, as well as the regulations in the state you reside in, by clicking on the LIVEpdq link at the top of this page and see if now is the right time for you to make a transaction with your policy.