Due to adverse market conditions and declining investment portfolios, lifestyles have changed.  Many seniors and baby boomers are looking for ways to reduce their living expenses and liquefy their assets.

Many people find that as they:

• reach retirement age
• pay off their mortgage
• put their children through college
• death of a beneficiary
• divorce
• financial stress
• etc…

their life insurance has served its primary purpose to protect loved ones and assets.  It’s a dormant asset that is no longer needed or wanted and in many situations is unaffordable.

At this point, the expensive premiums are being directed toward an investment that is under-performing, may no longer be needed or has become unaffordable.  In the past, the only choices were:

• to keep paying the premiums, or
• allow the policy to lapse for zero value, or
• surrender the policy to the insurance company for Cash Surrender Value.

their life insurance has served its primary purpose to protect loved ones and assets.  It’s a dormant asset that is no longer needed or wanted and in many situations is unaffordable.

Life Settlement is another option which allows for policy owners to tap previously unrealized value in their unwanted, unaffordable, or under-performing Life Insurance policies.  The value of a Life Insurance policy is calculated based on many varied factors.  Some of the most common components are:  age, health status, death benefit about, annual premium and try of policy.  There are fees involved but they are normally paid by the buyer.

A Life Insurance policy can be liquidated for fair market value and the proceeds redistributed to address current financial planning goals such as retirement income, long term care, annuity, vacation or anyway you please.  The proceeds may be taxable.  A tax adviser or attorney should be consult on taxable issues.

their life insurance has served its primary purpose to protect loved ones and assets.  It’s a dormant asset that is no longer needed or wanted and in many situations is unaffordable.