Tired of Paying High Insurance Premiums!
When was the last time you heard of someone selling their life insurance policy for cash? It sounds unheard of, but in today’s tough economic times, more Americans are cashing out their life insurance policies through an industry known as ‘Life Settlements.’
Perhaps the reasons that you purchased your life insurance policy does not exist anymore. Maybe your health has changed. At Atlas Life Settlements we understand that life changes. In the past, if an individual wanted to end their policy the only option was to let the policy lapse or give up the coverage in return for the policy’s cash surrender value. Fortunately, now that has changed using the ‘Life Settlement’ process. A life insurance policy can be sold for cash in the secondary marketplace.
What is a Life Insurance Policy?
A life insurance policy is a contract with an insurance company. The policy owner pays premium payments in exchange for a lump-sum to be paid by the insurance company to the beneficiaries upon the insured’s death. This is also referred to as a death benefit. Death benefits are typically income tax- free.
The Process of Selling Your Life Insurance Policy
If you do not need to preserve the death benefit and your life insurance or your money is needed now, then selling your life insurance policy may be the best option for you. We will work with you every step of the way to ensure you are confident throughout the whole process. We will first go over your existing policy to ensure that you qualify for a cash settlement. Once the determination is made we will gain permission to retrieve all your medical information. After reviewing your records, we start the competitive bidding process. We will negotiate for the highest cash offer on your behalf, keeping you updated through the entire process. Once the highest bid is determined, every offer will be presented to you. Once a bid is accepted by you, you will receive a one lump cash payment completing your life settlement sale. The purchaser will become the new beneficiary and continue to pay the premiums.
Benefits of Selling Your Policy for Cash
- Pay off medical bills
- Pay for health care costs, medications and treatments
- Supplement your income
- Long Term Care
- Living expenses
- Pay debts
- Charity
You can choose to spend your money as you wish!
If you are considering selling your life insurance policy it is important that you speak to a financial professional who has expert knowledge and experience with life settlements.
At Atlas Life Settlements, we work with institutional brokers, funders, and investors who purchase life insurance policies. We make it our mission to get every client top dollar for their life insurance policy.
