Life Settlements are an innovative way to repurpose your senior clients’ life insurance policies into cash or living benefits they can use to fund their retirement and long-term care needs through new types of life settlement SOLUTIONS.
Diversified will bring your client’s policy to auction where our 12 different buyers will bid on the policy.
This allows us to get the best possible offer as each buying company knows they are up against other buyers.
Once we have the strongest offer we then reach out to you, the agent, and we can then move forward in the process.
1- Life Settlements are designed specifically for seniors and people with declining health.
2- Life Settlements are the legal right of every policy owner.
3- Life Settlements are well regulated and a mainstream option for policy owners.
4- Life Settlements can be a tax-free way to liquidate an unneeded policy.
5- There are no costs or fees to do a life settlement and the process takes under 90 days.
Never let your client abandon a policy without looking at the life settlement option first.
What Is A Life Settlement?
Read More How Life Settlements Work
Overview
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A life settlement refers to the sale of an existing life insurance policy to a third party for a one-time cash payment.
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Payment is more than the surrender value, but less than the actual death benefit.
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The policy’s purchaser becomes its beneficiary and assumes payment of its premiums, and receives the death benefit when the insured dies.
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Some of the reasons why people choose life settlements include retirement, unaffordable premiums, and emergencies. Please read further for more information.