Some people are in a situation where they feel that it's time to discontinue an existing life insurance policy. They want out and luckily for these people, there are several options available for policy holders nowadays. Gone are the days when policy holders are constrained to canceling their policy and getting nothing in return. Today, policy owners may, at their option, surrender their policy in exchange for minimal cash value. They can also use the proceeds of the policy to take out or refinance an existing loan. Another choice is to go the route of the life settlement option.
The idea of life settlements is relatively new in the industry but is slowly gaining ground. One of the leaders in this industry is Life Partners Inc, and they offer a more attractive alternative to just canceling, surrendering or taking out loans with your policy. A Life settlement is when you sell your unneeded life insurance policy to a third party, and they assume the responsibility of making payments, wherein they will receive the death benefits when the insured finally passes on. This is a win-win arrangement because the insurer and his family gets additional funds which they can perhaps use to start their own business or pay bills among other things, while the new owner will get the benefit of knowing that one day, the investment will yield a nice pay off.
Life Partners, Inc. (LPI) has been in business for more than 20 years. They are experts in life settlements and through the years have offered clients the best deals in insurance policy purchase transactions. These people have long placed their trust in LPI as a company that gives one of the best cash surrender values for their insurance policies. The company practices transparency in their dealings with clients and won't hesitate to disclose information if for instance an offer to purchase would be unviable. When you want to get more for your policy or need an honest offer (or opinion), LPI is the company to choose.
Testing the market by going to several life settlement companies to compare what each has to offer would prove wise and allow you to make a decision that optimizes your policy sale. You must remember that you're not obligated to accept an offer right away just because a certain provider is desperately talking you into it. A professional company wouldn't pressure you into acting quickly. You are selling an asset (i.e., your insurance policy), and this initially requires considerable time spent on research and study, especially on its current fair market value. Don't rush when disposing of your policy. If you do, you might miss the opportunity of finding the best offer, especially if it could easily return a price that's worth millions of dollars.
The secondary market for life insurance policies is a great alternative for people who want to get rid of their insurance policies. If you sell your policy, you will get back some of the money you have spent on your policy over the years. If you sell your policy, remember to obtain quite a few offers so you can choose which is the best for you. The decision to sell one's life insurance policy is one that should not be taken lightly, as it is important to choose an option from which you can benefit the most.
The idea of life settlements is relatively new in the industry but is slowly gaining ground. One of the leaders in this industry is Life Partners Inc, and they offer a more attractive alternative to just canceling, surrendering or taking out loans with your policy. A Life settlement is when you sell your unneeded life insurance policy to a third party, and they assume the responsibility of making payments, wherein they will receive the death benefits when the insured finally passes on. This is a win-win arrangement because the insurer and his family gets additional funds which they can perhaps use to start their own business or pay bills among other things, while the new owner will get the benefit of knowing that one day, the investment will yield a nice pay off.
Life Partners, Inc. (LPI) has been in business for more than 20 years. They are experts in life settlements and through the years have offered clients the best deals in insurance policy purchase transactions. These people have long placed their trust in LPI as a company that gives one of the best cash surrender values for their insurance policies. The company practices transparency in their dealings with clients and won't hesitate to disclose information if for instance an offer to purchase would be unviable. When you want to get more for your policy or need an honest offer (or opinion), LPI is the company to choose.
Testing the market by going to several life settlement companies to compare what each has to offer would prove wise and allow you to make a decision that optimizes your policy sale. You must remember that you're not obligated to accept an offer right away just because a certain provider is desperately talking you into it. A professional company wouldn't pressure you into acting quickly. You are selling an asset (i.e., your insurance policy), and this initially requires considerable time spent on research and study, especially on its current fair market value. Don't rush when disposing of your policy. If you do, you might miss the opportunity of finding the best offer, especially if it could easily return a price that's worth millions of dollars.
The secondary market for life insurance policies is a great alternative for people who want to get rid of their insurance policies. If you sell your policy, you will get back some of the money you have spent on your policy over the years. If you sell your policy, remember to obtain quite a few offers so you can choose which is the best for you. The decision to sell one's life insurance policy is one that should not be taken lightly, as it is important to choose an option from which you can benefit the most.
About the Author:
If you're looking for investments that are uncorrelated to stock market return, then life settlements provided by companies such as Life Partners Inc could by for you. Life Partners is a publicly traded company based in Waco, Texas.
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