What is a Life Settlement?
Life Settlement allows life insurance policy holders to convert their
policies into an immediate source of income.
does it work?
Many people have insurance policies that
are no longer necessary or have
become too costly to maintain. Rather
than surrendering these policies for their cash value (if any) or simply
letting them lapse, Life Settlements create immediate liquidity with a
lump sum cash payment.
Male, age 79
Policy: 20 Year Term
Face Value: $250,000
Annual Premium: $2,000
Cash Value: $0
Life Settlement: $75,000
Smith's 20-year term policy was reaching its conversion deadline. At age
79 he had recently been diagnosed with coronary heart disease and couldn't
afford to convert his policy to whole life. Facing a lapse, he sought
a Life Settlement and was able to sell his policy for $75,000. As a result,
Mr. Smith not only recovered all of the premiums he had paid into the
policy over the years, but made a handsome profit besides.
a free, confidential evaluation, please
can Affordable Life help?
Life is a Life Settlement broker - which means we work for you in order
to get the best price for your policy. Affordable Life combines in-depth
knowledge of the life insurance industry with expertise in the life
If you have any questions about the Life Settlement process or would
like to discuss the status of your policy, please contact
complete the following questionnaire: