Cash in Life Insurance Policy for Cash in TX
Blue Collar Workers
When retiring, people usually evaluate their financial resources and expenses. At that time, it is common to find policies, bought to replace income upon death of a wage earner, that are no longer needed. Additionally, the cost of such policies, especially if term insurance, may become unaffordable. These policies can be a great candidate for a Life Settlement and the proceeds can really make a difference in retirement. With the aging of the baby boomers, there will be an estimated 10,000 Americans reaching retirement age every day for the next 16 years. Also Interest rates have declined and have been at historic lows for an extended period of time and many policy owners are now being blindsided by premium requirements that dramatically exceed what they expected to pay. This premium surprise may not only go beyond their budget, but it may also disturb their estate plans.
What about Chronic illness? Ordinarily it would be a time when the death benefit of a life insurance policy would seem most imminent. But certain illnesses are long-term in nature and require very costly medical or custodial care. When all else fails, a Life Settlement can provide critically needed funds Now to help pay those expenses.
If you feel that you are nearing the end of your life and the beneficiaries of your life insurance policy don’t need those benefits anymore, you might want to quit paying premiums for insurance that won’t be of much benefit. When you work with our team at Veterans Asset Planning in TX, you can use The Life Settlement Program to liquidate your life insurance for Cash so you can use it now. Pay for your rent, put food on your table, pay for your Long Term Care, Assisted Living expenses or for your Home Health care needs.
White Collar Workers
A policy bought for a buy-sell agreement or estate liquidity may become unnecessary. Compounding the problem is that the business was typically paying for the policy in some manner; either directly, if the policy had been business owned, or indirectly, through the use of a bonus or split-dollar arrangement. With the business no longer in the picture, both the need for the policy and the ability to pay for it may have vanished. Likewise, Business owners frequently acquire a number of life insurance policies in the course of operating their company that are no longer wanted upon retirement or termination. These include buy-sell, key person, fringe benefit, creditor protection and even pension policies. Keeping a policy that is no longer needed without a business to pay for it can be problematic. Both today’s struggling economy as well as the drastic reduction in estate tax liabilities brought on by the Taxpayer Relief Act of 2012 (ATRA) make this particular scenario quite common. Keeping the policy, however, might still be a good deal for their heirs, but people are typically reluctant to keep more life insurance than is absolutely necessary. Term policies are among the most likely Life Settlement to be overlooked. Many advisors and clients don’t realize that a term policy (including group term), if convertible to Universal Life, can be sold in a Life Settlement. Since term policies generally don’t have any cash surrender value, a Life Settlement can truly provide a Substantial amount of “Found Money”.
Any senior can sign up for this Life Settlement Program, but we do restrict our services to those 65 years of age and older. You must have a Life Insurance Policy Value of at least $100,000.00 thousand dollar or more. Once we verify your age and the value of your policy, we then can buy your policy from you. There is Zero cost or Obligation to search and to see what you may qualify for.
We’ll pay any and All premiums for the rest of your life so you don’t have to worry about a thing, and you’ll get Immediate Cash pay-out in a matter of days — Obviously the older you are, the more dollars you will receive for your policy.
“It can’t hurt to try - it can only hurt not to!”
Although you don’t have to be a Veteran to take advantage of our services, our Life Settlement Program is an excellent choice for anyone who doesn’t need their Life insurance policy anymore. Let me give you a simple example of how the Life Settlement Program works: Let’s say you have a $200,000 life insurance policy, and you are 65+ years old. This policy could yield you an extra $40,000 to $70,000 in CASH in a matter of days!
- The older the individual is, the larger your cash pay-out will be.
Whether your policy only has a few months left before it lapses or it would last for several more years, we can take it off your hands so you don’t have to deal with the hassle of renewals or ongoing premiums.
Whether you want to use your funds to buy a new home, travel or pay off all your bills. Or you need the funds to help pay the custodial care for your loved ones. You can get what you need now and enjoy the Extra Cash while you’re still around.
Find out what you qualify for Now, at No Cost or Obligation to you!!