Many individuals have bought life insurance policies for the sale of a business or to transfer the business assets to a partner. Perhaps since the time of purchase, however, the business has folded or the partner has retired. What seemed like a viable financial instrument back then may have outlived its usefulness and now, the life insurance policy may now be a burden or is just no longer necessary. If you’re finding that it is no longer necessary to maintain your policy, you may be able to obtain a life settlement lump sum payment for that policy.
A Life Settlement is the sale of a life insurance policy to a third party. The owner of a life insurance policy sells the policy for a cash payment that is less than the full amount of the death benefit – but for an amount that is higher than the cash surrender value. Consult with your financial planner or attorney, but if you choose to investigate the life settlement option, Advanced Settlements in Orlando, FL is one the most experienced life settlement firms in the nation having transacted more than $8 billion dollars in life insurance face value for their clients. They have the experience and funder relationship to help obtain multiple settlement offers for qualified policies.
Enjoy your retirement and take advantage of the cash that’s available in your unwanted policy. If you, along with your financial planner and/or attorney, determine that a Life Settlement makes sense for your particular situation, click on Advanced Settlements’ quick quote tool for a confidential appraisal by a leader in the industry. Don’t be left in the dark, get all the answers you need to make a good decision. Contact http://advancedsettlements.com today!
Michael Taylor is an internet writer blogging on subjects related to personal finance,small business marketing and subjects related to senior's health and financial issues.