Cutting Edge Life Settlement articles and information from a licensed life insurance settlement Broker...

Contact Independent Broker Ashley Brooks at ashleybrooks@sc.rr.com

A Life Settlement is different than viatical...

If your life insurance policy is no longer needed, instead of taking what the insurance company would offer you in "cash value", you could get up to 4X this value with a life settlement!

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Life Insurance is now considered a fully marketable ASSET much like stocks and bonds. It can be bought and sold for whatever the life market will bear. By scouring the life market for you (I shop over 30 companies for you), I can get the MAXIMUM amount of money for your unwanted, underperforming, un-needed life insurance policy.

A policy owner should consider a Life Settlement if:

The burden for which you bought the policy has diminished or disappeared (i.e. estate tax).
The life policy's cash value or longevity of coverage is underperforming or due to lapse in the near future if more cash is not poured in.
In a buy/sell arrangement, the "business partner" who would have been the beneficiary has died, retired, or gotten out of the business.
The premium you are putting into the life policy has become too costly.
The beneficiary for whom you bought the policy dies before the insured policy owner and the policy is no longer needed.
There is a possibility that the life policy might lapse.

Note: You may also want to consider a reverse mortgage

What is a Viatical Life Settlement ?

If the insured currently has a policy that has accumulated cash value and is currently in-force (and not lapsed or in danger of lapsing in the next month or so) then a senior life settlement is possible. A life settlement would provide a lump sum, cash payment in an amount over and above what the insured would receive if he or she went to the insurance company and asked to cash out the policy. In some instances, the amount received is up to FOUR TIMES the cash "surrender value" that the insurance company would offer. This payout is made possible because the policy owner would assign the buyer of the policy as the new beneficiary. The life settlement amount received is more than the current cash surrender value of the policy.

Once your insurance settlement has been approved, your premium payments will be taken over by the new owner of your life insurance policy - YOU DO NOT HAVE TO MAKE PAYMENTS ANYMORE!

What can you do with the viatical settlement ?

Anything you want! You can use this money to tour the exotic corners of the earth, help with various family and business needs, repay loans, pay doctor bills, or any number of financial transactions. What's important is the fact that YOU are in control of this money, you receive a check in an amount over and above the cash value offered by the insurance company.

Why Should you go through a Life Settlement broker as opposed to one of these "direct" marketers for a life settlement or viatical (Viatical Information)?

Independent Insurance Agents have always been and will always be the BEST way to get the right product for you in the insurance market. Independent Agents that are not captive to any one particular company are able to "broker" or "shop" your case among MANY different companies and find the best "bid". Trust this important decision to a knowledgeable professional, not to an overburdened call center!

Turn your "death insurance" into CASH!
Contact Ashley Brooks, Licensed Insurance Broker
AshleyBrooks@sc.rr.com

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This site was created and is maintained by Ashley Brooks, CLTC - 2005 All Rights Reserved
Mr. Brooks is currently licensed in the following States: SC, NC, GA