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A senior life insurance settlement may offer flexibility and freedom. Many people 65 and older don’t realize their life insurance policy is an asset. Just like real estate, you can sell your policy to an investor.
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Senior Life SettlementSenior Life SettlementYour Life Insurance Could Be A Cash Goldmine
A senior life insurance settlement through a life settlement broker offers you flexibility and freedom so you can live your life to the fullest.
www.mickelsonlife.com
How It WorksHow It Works
Many people 65 and older don’t realize their life insurance policy is an asset. Just like real estate, you can sell your policy to an investor.
Don’t let your policy lapse if you can’t afford it anymore or accept its meager cash value from the life insurance company.
You can sell your policy for a profit in a life settlement and actually enjoy the money you’ve invested into your policy over the years.
A life settlement company will determine the market value of your policy, if your policy is attractive to investors, and help you decide if a life settlement is a good choice for you.
www.mickelsonlife.com
If You’re A Good Candidate…If You’re A Good Candidate…
Your life settlement broker will negotiate with multiple investors who are typicallymajor institutions like Credit Suisse & Merrill Lynch who want to purchase your policy.
Once an offer is accepted, you sign your policy over to the investor as the beneficiary.
The investor makes the policy payments and receives the death benefit.
It’s really that simple!
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You Have Many ChoicesYou Have Many Choices
You may receive 10% to 30% of the face value (death benefit) in the form of a check payable to you or a direct deposit into your bank account.
The money is yours. You use it as you see fit – pay off bills or your mortgage, travel the world, or spend it on your loved ones.
You can even reinvest your senior settlement into a new policy with lower annual premiums.
www.mickelsonlife.com
Are You An Ideal Candidate?Are You An Ideal Candidate?
The ideal potential candidate for a life settlement is a policy owner with a policy that has been in force for at least 2 years, who is over the age of 70 and has a high $250K+ payout.
There is no medical exam needed, but investors will want to view medical records so they can estimate your life expectancy.
While those over 70 are ideal, each situation is unique and only an individual appraisal from life settlement broker will determine your policy’s value.
www.mickelsonlife.com
How To Use Your SettlementHow To Use Your Settlement
Once a deal is done, you receive the proceeds of the sale of your policy.
Remember that once you sell your rights to the policy, the investor becomes the sole beneficiary of the amount of the policy upon your death.
Many reinvest their senior life settlements into a new policy or investment account.
A new policy can often resemble the original policy, but with better terms, lower premiums, and higher payouts.
www.mickelsonlife.com
Eldon Eller’s StoryEldon Eller’s Story
Eldon Eller bought a policy in 1996, thinking the income from the policy would cover his premiums. Unfortunately, the policy did not perform and Eldon was left with a premium burden he couldn’t afford.
A life settlement broker found an investor for his policy and Eldon received a sizable payout. He obtained a new life insurance policy with an affordable fixed premium and rolled his senior settlement into the new policy as an initial payment.
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A Married Couple’s StoryA Married Couple’s Story
A married couple over 70 unable to make their life insurance payments thought about letting their policy lapse.
However, they realized if they did, no one would capitalize on the years of payments invested in their policy.
The couple decided to work with a life settlement broker to find a better policy with similar benefits.
The couple obtained a policy with a much lower premium and the same benefits.
www.mickelsonlife.com
Senior Settlement EZ QuoteSenior Settlement EZ Quote
It’s easy to find out whether you are eligible for:
Lower life insurance payments Receiving a cash payout Settling with your original policy to roll the life insurance
settlement amount into a new policy that offers terms that better fit your budget
Contact a life settlement company today for a Senior Settlement EZ Quote.
www.mickelsonlife.com
Take Action Today!Take Action Today!
You can reach your goals and dreams with a senior settlement through a qualified life insurance settlement company.
The financial flexibility and freedom you obtain will stay with you for the rest of your life.
www.mickelsonlife.com
