SENIOR LIFE SETTLEMENT
A Senior Life Settlement or simply Life Settlement involves the sale of an existing life insurance policy in which the funds generated are greater than the policy's cash surrender value. Senior Life Settlements are often attractive when your original financial planning needs have changed and the continued insurance premiums are burdensome.
If you are the owner of a significant insurance policy and rather than a death benefit, would prefer a lump sum of cash, we can help. Your cash settlement can be used for:
– educating your grandchildren
– an exotic trip or vacation
– uninsured medical expenses or treatments
– a vacation or retirement home
– other unforeseen emergencies.
PURCHASING PARAMETERS *
1. Actuarial life expectancy must be 2-10 years without a life threatening illness
2. Must be at least 72 years of age
3. Policy must have a minimum face value of $100,000
4. Policy must be one of the following types from a U.S.-based "A" rated carrier:
5. Cash Value less than 25% of policy amount on all whole life policies
6. Maximum ratio of premium to death benefit - 5% or less
▪ whole life
▪ universal life
▪ variable universal life
▪ term
▪ convertible term
NO OBLIGATION CONFIDENTIAL QUOTE
You can receive a "no obligation" confidential quote regarding a lump sum settlement on your insurance policy from NEW AMERICAN PROPERTIES, simply contacting us by phone, email, or senior life settlement quote form. A representative will contact you within 24 hours to begin processing your request.
* Funding guidelines subject to change.
