A universal life settlement is the sale of a universal life insurance policy. Universal policies became popular in the 1980’s. They are similar to whole life policies in that they are a form of permanent insurance; however the cash value is based on interest rates.
A universal life settlement is a viable financial option if a policy holder no longer needs the particular policy or if the policy is underperforming. Seniors find that their needs change from the time a policy was purchased to the time of retirement planning. Seniors can benefit from a universal life settlement by selling for a cash return or using the funds to purchase more appropriate and better performing life insurance.
If you are reviewing your current retirement plan and have a life insurance policy, you should review the policy to be sure it fits your changing needs and is performing well. It might be time for a change.
Click the LIVEpdq link for a free life settlement evaluation today!