Life insurance settlements can make your unwanted or unnecessary policy work for you! You don’t have to use your hard earned cash to pay hefty premium payments on unneeded life insurance. If you have more life insurance in force on yourself than you feel is needed, it might be time to consult with your team of financial planners to discuss the idea of life insurance settlements. This is when an individual chooses to sell a life insurance policy to a third party in exchange for a lump sum.
Life insurance settlements are an alternative to surrendering the unwanted policy for the cash value or even worse, letting it lapse. You can expect to get an offer for less than the death benefit of your policy, but for more than the current premiums being paid. As with any major financial decisions, it’s always best to consult with a professional before committing to anything.
At LIVEpdq we can provide guidance and help you get on your way!