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Life Insurance Settlement
A new financial tool is now available for senior citizens. Life Insurance Settlements are quickly becoming a way for seniors to receive money from an under performing or costly life insurance policy. A life insurance settlement is the sale of a life insurance policy (whole life, term, universal life, etc.) covering the life of one or more individuals with an "ascertainable and limited" life expectancy. A life insurance settlement is usually most beneficial seniors over the age of 65. Some basic qualifications for a life insurance settlement are the above-mentioned age and health requirement, policy is assignable and beyond the contestability period, and the policy must be issued by a US insurance company. The higher the insurance company rating could provide a higher settlement amount. The policy owner is paid a lump sum in cash in exchange for transferring ownership of the policy and premium requirements to the purchasing funder or company. The amount paid to the seller is stated as a percentage of the policy's face amount and is calculated based on the specific life expectancy of the underlying insured. Each life insurance settlement amount is calculated on a case-by-case basis. The popularity of life insurance settlements is due to the fact that if a policy owner was thinking about letting a policy lapse or surrender, they now have the opportunity to receive a payout larger than the surrender value. "It just doesn't make sense, that seniors nationwide are letting life insurance policies lapse after paying years of premiums". "By just exploring the option of a life insurance settlement they could be gaining thousands to hundreds of thousands of dollars they never knew were available to them," says Grant Shellhammer of www.LifeSettlementPro.com. Another benefit is that there are no fees or obligations to have a policy evaluated to see if a life insurance settlement is available. There are numerous other benefits to policy owners through a life insurance settlement. These include relief of costly premium expenses, higher cash payout than the surrender value, cash payout instead of a policy lapse, additional funds for retirement and other endeavors, funds for health related expenses, and other estate and financial planning needs. To sum things up, a life insurance settlement is a strong and beneficial financial tool for senior citizens nationwide. Consumers now have options to receive more money versus the previous options of only a cash surrender or policy lapse. With the consumer friendly approach of a life insurance settlement, the market will continue to grow. Grant Shellhammer is located in sunny Orlando, FL. He is a licensed insurance agent and affliate Life Settlement Broker with Life Settlement Pro. He works with senior citizens and financial professionals nationwide to receive the highest available offers for their life insurance policies. Contact details:
MORE RESOURCES: table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/0-0fd=Rurl=http://www.marketwatch.com/news/story/Concepta-Insurance-Consolidation-Facility-Receives/story.aspx%3Fguid%3D%257BA57DE931-71AA-415F-8F0F-098E52AFB6F6%257Dcid=1276665993ei=ea00Sb24CKqi9gSa7P0fusg=AFQjCNG4y44aI2_4yhCheD1oIj7FSJYCHQConcepta bInsurance/b Consolidation Facility Receives DOJ Clearance/abrfont size=-1font color=#6f6f6fMarketWatchnbsp;-/font nobr5 hours ago/nobr/fontbrfont size=-1This new approach, to be implemented by Concepta Services (an Ivy Capital Group subsidiary), will enable large policyholders to access binsurance/b capacity b.../b/font/div/font/td/tr/table table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/1-0fd=Rurl=http://newsblogs.chicagotribune.com/triage/2008/12/health-insuranc.htmlcid=1276133500ei=ea00Sb24CKqi9gSa7P0fusg=AFQjCNFzLXS-OCf4lo_5ga3G72-riSeV2QHealth binsurance/b sticker shock hits consumers/abrfont size=-1font color=#6f6f6fChicago Tribune,nbsp;United Statesnbsp;-/font nobr8 hours ago/nobr/fontbrfont size=-1Health binsurance/b sticker shock overcame Mickey Trznadel when he opened an envelope from Blue Cross and Blue Shield of Illinois earlier this year, b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/1-1fd=Rurl=http://www.marketwatch.com/news/story/Blue-Cross-Blue-Shield-Michigan/story.aspx%3Fguid%3D%257B5379FA18-BBBE-4084-A40A-AB5CFFB0BDAD%257Dcid=1276133500ei=ea00Sb24CKqi9gSa7P0fusg=AFQjCNEpg7WjX8d_vWPSC1TQgmft2MhcVwBlue Cross Blue Shield of Michigan Answers Attorney General/a font size=-1 color=#6f6f6fnobrMarketWatch/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/1-2fd=Rurl=http://www.mlive.com/annarbornews/news/index.ssf/2008/12/blues_michigan_ag_continue_hea.htmlcid=1276133500ei=ea00Sb24CKqi9gSa7P0fusg=AFQjCNE-dEpImsreIY_T_eItz-om1d3bqgBlues, Michigan AG continue health binsurance/b fight/a font size=-1 color=#6f6f6fnobrMLive.com/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/1-3fd=Rurl=http://www.mlive.com/kzgazette/news/index.ssf/2008/12/blue_cross_blue_shield_of_mich.htmlcid=1276133500ei=ea00Sb24CKqi9gSa7P0fusg=AFQjCNEex_1RLvKQ943tX_oIOZc80-BHYQBlue Cross Blue Shield of Michigan continues push for health b.../b/a font size=-1 color=#6f6f6fnobrKalamazoo Gazette - 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DALLAS - Drivers with no proof of binsurance/b will b.../b/font/div/font/td/tr/table table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/5-0fd=Rurl=http://www.ohio.com/news/ohiocentric/35311174.htmlcid=1276563314ei=ea00Sb24CKqi9gSa7P0fusg=AFQjCNEsV_7yQTDrXmYkxGFf05d5bmPECgState warns about auto binsurance/b phone scam/abrfont size=-1font color=#6f6f6fAkron Beacon Journal,nbsp;OHnbsp;-/font nobr11 hours ago/nobr/fontbrfont size=-1By Associated Press COLUMBUS: The Ohio Department of bInsurance/b is warning about a telephone scam targeting auto binsurance/b customers. b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/5-1fd=Rurl=http://www.portclintonnewsherald.com/article/20081201/UPDATES01/81201011cid=1276563314ei=ea00Sb24CKqi9gSa7P0fusg=AFQjCNGiXjxubeOq-IyMKskWRegB5t-N1QODI reminds people to avoid phone scams/a font size=-1 color=#6f6f6fnobrPort Clinton News Herald/nobr/font/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/5-2fd=Rurl=http://news.mainetoday.com/updates/036487.htmlcid=1276563314ei=ea00Sb24CKqi9gSa7P0fusg=AFQjCNEXXNycKbl-Lww6taIMViywXJ4AjAWells police warn of uptick in financial scams/a font size=-1 color=#6f6f6fnobrMaineToday.com/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1276563314hl=ennobrall 48 news articles/nobr/a/font/div/font/td/tr/table table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/6-0fd=Rurl=http://www.marketwatch.com/news/story/Navigators-Expands-Strengthens-Professional-Liability/story.aspx%3Fguid%3D%257B4F529A16-E04A-4775-AA42-5686382EC6EF%257Dcid=1276535309ei=ea00Sb24CKqi9gSa7P0fusg=AFQjCNHW6akzPNTvOdAtboQ4xH5P71MohgNavigators Expands and Strengthens Professional Liability Division/abrfont size=-1font color=#6f6f6fMarketWatchnbsp;-/font nobr13 hours ago/nobr/fontbrfont size=-1quot;Demand for Navigators#39; innovative professional liability binsurance/b solutions has increased due to a recent flight to quality for stronger financial b.../b/font/div/font/td/tr/table table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/7-0fd=Rurl=http://www.marketwatch.com/news/story/Prudential-PLC-eyes-AIGs-Taiwanese/story.aspx%3Fguid%3D%257B778FAD3B-CAC7-4100-A8FF-9AD88A64BE1F%257Dcid=0ei=ea00Sb24CKqi9gSa7P0fusg=AFQjCNEMHXTE1_1xfiDSFeUiY6OHvXLzTgPrudential PLC eyes AIG#39;s Taiwanese life binsurance/b unit/abrfont size=-1font color=#6f6f6fMarketWatchnbsp;-/font nobr1 hour ago/nobr/fontbrfont size=-1By MarketWatch , , ) Taiwanese life binsurance/b unit, Nan Shan Life bInsurance/b Co., the Economic Daily News reported Tuesday, citing unnamed market sources. b.../b/font/div/font/td/tr/table table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/8-0fd=Rurl=http://www.marketwatch.com/news/story/RAM-Holdings-Announces-Commutation-106/story.aspx%3Fguid%3D%257B9D7DCB31-D941-49D7-B5AC-EADCC49E7DFF%257Dcid=1276661145ei=ea00Sb24CKqi9gSa7P0fusg=AFQjCNFLcjQ4jcBJouJ5msyRaoT9qoIfbgRAM Holdings Announces Commutation of $10.6 Billion Par MBIA b.../b/abrfont size=-1font color=#6f6f6fMarketWatchnbsp;-/font nobr1 hour ago/nobr/fontbrfont size=-1As a result of the MBIA commutation, we have reshaped our binsurance/b portfolio by reducing our overall exposure to ABS CDOs and 2005 - 2008 vintage US RMBS b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/8-1fd=Rurl=http://www.marketwatch.com/news/story/IPC-Holdings-Ltd-Appoints-New/story.aspx%3Fguid%3D%257B0D43782B-483C-4C16-9FD9-ECA7B74DC4B9%257Dcid=1276661145ei=ea00Sb24CKqi9gSa7P0fusg=AFQjCNF6XzCaajhK3U-nAssZTmXToQes3gIPC Holdings, Ltd. Appoints New Director/a font size=-1 color=#6f6f6fnobrMarketWatch/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1276661145hl=ennobrall 16 news articles/nobr/a/font/div/font/td/tr/table table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/9-0fd=Rurl=http://www.marketwatch.com/news/story/Fabian-Nunez-Joins-Zeniths-Board/story.aspx%3Fguid%3D%257B775DD104-07CA-4AA5-ACCC-998EE29A94E8%257Dcid=1276695208ei=ea00Sb24CKqi9gSa7P0fusg=AFQjCNGAQHZzpBLw1dVHvBJla140fPZOxQFabian Nunez Joins Zenith#39;s Board of Directors/abrfont size=-1font color=#6f6f6fMarketWatchnbsp;-/font nobr3 hours ago/nobr/fontbrfont size=-1Zenith is a property-casualty binsurance/b organization with headquarters in Woodland Hills, California. Through its binsurance/b subsidiaries, Zenith provides b.../b/font/div/font/td/tr/table Insurance - Google News |
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