Why Should Seniors Use Life Settlement Estimates To Pre-Qualify For A Life Settlement?
Many life settlement companies overlook the importance of arriving at an accurate life settlement estimate before engaging the consumer in the time consuming and sometimes invasive life settlement process.
The purpose of our prequalification step is to first determine if you are eligible to sell a life insurance policy using a life settlement (otherwise know as a senior life settlement). If so, we also determine approximately what you could expect to receive for your life settlement, after commissions. This allows you to determine if a the potential value of your policy makes it worthwhile to continue with the life settlement process or if it would be better to consider another alternative for your life settlement policy.
When Should I Use A Life Settlement To Sell A Life Insurance Policy?
A life settlement or senior settlement should be used to sell a life insurance policy when:
- A policy is no longer affordable by any means.
AND/OR
- The proceeds and resulting premium savings from a life settlement could be put to better use satisfying a more urgent financial concern.
AND
-
The amount received from selling the life insurance policy is fair based on:
- The expected future cost of the policy
- The expected longevity of the insured
- The expected yield to the purchaser
- The expected commission to the broker
How Do I Use A Life Settlement To Sell My Life Insurance Policy Fast?
The sooner you know what your policy is worth, the sooner you can decide if you are interested in selling your life insurance policy. We originally created the one of a kind LIVEpdq SM (Life Insurance Valuation Estimate pretty darn quick) tool in 2004 to help consumers quickly determine if selling a life insurance policy was even a possibility. Since then, years LIVEpdq has been utilized by hundreds of visitors to our website, mentioned in various financial publications and revised several times to better respond to our customer's needs to use a life settlement to sell a life insurance policy as quickly and efficiently as possible.
How Do I Use A Life Settlement To Sell My Life Insurance Policy For More?
Knowing what your policy is worth is certainly an important first step. In addition, you can assure you will receive your fair portion of the total life settlement by asking for a commission disclosure up front. This is why we created the newest version LIVEpdq to do more than just estimate the life settlement value for someone who wants to sell a life insurance policy. It also provides a full life settlement commission disclosure based on the estimated amount you would sell a life insurance policy for. Knowing in advance what your life settlement might be worth improves your chances of getting top dollar. Full commission disclosure up front improves your chances of getting everything you are entitled to from your life settlement without any surprises as the end.
How Does LIVEpdq Work?
LIVEpdq uses simple input to perform complex calculations and deliver an accurate life settlement estimate with full commission disclosure. The net life settlement estimate can then help you quickly decide if you should sell a life insurance policy or keep it.
How LIVEpdq prequalifies you to sell a life insurance policy with a life settlement:
- Quickly determines your answers to pertinent health questions
- Analyzes your basic policy information
- Compares your information to results of similar life settlement transactions
Compared to other life settlement estimating tools LIVEpdq is:
- Faster
- More accurate
- More transparent
- More user friendly
LIVEpdq is just the initial step in the life settlement process. It first helps you determine if a life settlement is even a possibility. If so, it then provides the estimated life settlement amount you could sell your life insurance policy for after commissions are paid to a life settlement agent and/or broker.
What Happens After LIVEpdq?
After you receive your LIVEpdq estimate, the life settlement process progresses to the valuation step where we complete a documented life settlement appraisal of your policy based upon an actual life expectancy estimate and exact illustrations by your insurance company. This assures we are proceeding on the basis of facts instead of just estimates. It also allows you to receive a formal life settlement appraisal without disclosing your confidential medical and policy information to outside sources.
After you see the results of our documented valuation report, you can then decide if want to use a life settlement to sell your life insurance policy. If so, we help you match your unique characteristics to the highest bidding life settlement provider who is currently funding life settlements for policies just like yours.
