Did you know that your life insurance policy is considered an asset? Similar to your home or investment portfolio, a life insurance policy can also be sold in a secondary market. A life settlement is a transaction in which a policy owner can sell his or her policy to a buyer for a lump sum.

Many unknowing seniors will lapse or surrender their policy for substantially less than what they would have received in a life settlement.

Studies show that nearly 80% of life insurance policy owners decide to lapse or surrender their current life insurance policies. When seniors decide to lapse or surrender their policies, they may be forfeiting thousands of dollars from a possible life settlement .

For example, a 70 year old male with an unwanted term policy decides to allow his policy to lapse. A life settlement could pay him tens of thousands of dollars in cash. If he allows it to lapse, he will receive nothing back from the insurance company.

FACT: Senior Life Settlements can average between 4 and 15 times the current cash value of a policy. The life settlement market is known as the secondary insurance market. This market allows seniors to recognize their policies as appreciating assets that grow in value as they age, instead of burdensome premium payments.

A dollar saved is a dollar and a half earned. In addition to the money you receive from the sale of your policy, there is no longer the need to pay ongoing premiums, as they will be paid by the new owner. These saved dollars can now be reallocated and spent as you choose.

Replacing old policies (maintaining the same coverage while paying lower premiums). Nearly 50% of seniors’ life insurance policies could be replaced with the same coverage for less expensive premiums. This is possible because of decreasing insurance costs over the past decade . Life settlement proceeds can be applied to reducing or eliminating future premiums on replacement coverage. Replacement insurance can save you money and provide more updated, more relevant coverage for your current situation. Our team has decades of experience in policy replacements. Allow us to provide you with your replacement options and a free appraisal.

Privacy is our policy. US Life Settlements utilizes a proprietary system for each settlement transaction to ensure the confidentiality and privacy of our clients.