866-423-9877

Using Life Insurance
To Pay For Care

Use Their Life Insurance To Pay For Care

A life settlement is a financial transaction in which a policy owner possessing an unneeded or unwanted life insurance policy sells the policy to a third party for more than the cash value offered by the life insurance company. The purchaser becomes the new beneficiary of the policy at maturation and is responsible for all subsequent premium payments.

Life settlements are an important development in that they have opened a secondary market for life insurance in which policyowners can access fair market value for their policies, rather than accepting the lower cash surrender value from the issuing life insurance company.

For Example:

Mrs. Johnson is an 86 year old women who suffers from diabetes and dementia.  Mrs. Johnson’s family would like her to stay at home with a 24 hour care giver.  Mrs. Johnson has a life insurance policy with a death benefit of $250,000.00 and the policy has a cash buy out of only $10,000.00.

Mrs. Johnson sold her life insurance policy for $135,000.00 which was $125,000 more than it was worth.

To See If Your Loved One Could Qualify, Click Here