Sell A Life Insurance Policy
In this life settlement success story, we turn our focus to a client who struggled more with the timing of his life settlement than the valuation of his policy. His initial question to us was “when should I sell my life insurance policy?” not “can I sell my life insurance policy? ” or “how much is my life insurance policy worth ?”
At Settlement Benefits Association, we know that every life settlement client has a unique situation. Circumstances such as financial situations, the age of family members, and the timing of liabilities can be just as important as medical realities. With our experience in the secondary life insurance market, we understand how these issues need to be understood and aligned before selling your life insurance policy can become a reality.
This client came to us with a rare High Grade Malignant Peripheral Nerve Sheath Tumor which was in remission. This condition significantly impaired his life expectancy and allowed us to negotiate offers for over 20% of his $2,000,000 face value despite his relatively young age of 59 years old.
But it wasn’t the value of the
policy that made this deal work. This client needed to know that his family would be taken care of. The uncertainty of his disease, the young age of his child, and the deadline on his conversion option all factored into the decision of when to start selling a life insurance policy.
In the end, our client was completely satisfied with the our guidance, diligence, and appreciation for the interrelated issues he was dealing with. We figured out when to sell his life insurance policy, we negotiated the maximum value for his life insurance policy, and we helped him through every step of the life settlement process .
In his own words, he expressed his gratitude:
It was a pleasure meeting you today, and thank you for taking the time to drive up over 100 miles to go over all the docs with me. I appreciate the personal service and attention. In today’s “progressive” world, service, especially personal service, is going the way of the dodo bird. So thanks again.
Have a great week, and I’m sure I’ll be speaking to you soon.Source: www.settlementbenefits.com