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Life Insurance Settlements

A life settlement is the sale of a life insurance policy to a third party for a lump sum cash payment greater than the surrender value but less than the death benefit.

Points of interest

1

Who Qualifies?

  • Age & Health: typically 65+ or younger with significant health impairments

  • Policy Type: Universal Life, Whole Life, Term (convertible), some Variable Life policies 

  • Policy Value: Generally $100,000+ death benefit

2

Key Benefits

  • Unlocks hidden cash value

  • Provides financial flexibility

  • Can help cover medical expenses

  • Better alternative than surrendering a policy

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