According to a recent survey by AARP, retirees love to travel often. Many of the survey retirees indicated they would like to take more than one trip a year, with half of them planning an international trip.
The survey results also showed that the majority of these trips have yet to be booked. The reason for not booking in 43% of those who planned to take a trip was due to the cost.
Unknowingly most of these retirees may have a hidden asset in their life insurance. Most people do not consider their life insurance to be an asset, but it is. The Life insurance is like other assets that they own insomuch as it is considered private property and can be sold if they choose. A life settlement is the sale of one’s life insurance to a third party for immediate cash. Our firm chooses to work exclusively with Institutional Funds to make the transaction safe for the seller.
A retiree’s life insurance may no longer be wanted or affordable to them and can be a source of cash. When we think of traditional ways of paying for a trip, retirees tend to use home equity lines of credit, credit cards or reverse mortgages. In those traditional forms, all of them create a debt that must be repaid. However, with a life settlement cash payout, the policy owner does not incur a debt and therefore the cash is theirs to choose how to spend it.
If you have unwanted life insurance, or you can no longer afford it, a life settlement opportunity may be for you. Our firm is the most compliant in the industry offering a keep vs. sell analysis to provide you with all the information needed for you to make an informed decision.
Need help? Please don’t hesitate to call us. It takes 4 to 6 weeks to get a life insurance policy settlement complete. Let us know. There is no obligation and you are getting a preliminary picture of the valuation of your life insurance contract. Our office is standing by at (877) 927-7243 to be of help. We look forward to speaking with you.