WHO MAY QUALIFY FOR A LIFE SETTLEMENT?
First American Finance assists individuals in selling their policies
who are 65 years of age or older, having life policies of
$100,000 or more, that are no longer needed or desired. We will also
consider life policies from individuals living with a serious illness,
regardless of age. Purchase amounts are usually substantially more than the policy's cash surrender value.
REASONS FOR SELLING YOUR LIFE POLICY
- Are your premiums too expensive?
- Would you like to receive more than the policy surrender value?
- Could you use a cash settlement right now?
- Do you have more life insurance coverage than you need?
- Has there been a sudden change in your health condition?
- Is your life insurance policy about to lapse?
If so, we can help you get a cash settlement for your life insurance
and, at the same time, eliminate your expensive monthly premiums.
TYPES OF LIFE INSURANCE THAT QUALIFY
- Whole Life
- Universal Life
- Variable Life
- Term Life
- Joint Survivorship
- Group Life
Here are some examples of individuals that have benefited from the sale
of their life policies.
Case History 1
Client:
87-year-old
male & 82 year old female.
Result: $2,300,000 second to die policy, minimal cash value. The
policy was no longer required. Insured utilized a life settlement and
received $300,000.00.
Case History 2
Client:
70-year-old male with health complications.
Result:
$1,000,000.00 policy with small cash value. Insured utilized a life
settlement and received $300,000.00.
Case
History 3
Client:
73-year-old male with health issues.
Result: $500,000.00 policy. Insured sold the policy for
$105,000.00.
Case
History 4
Client:
81-year-old male in relatively good health.
Result: $1,600,000.00 policy with an annual premium of
$76,000.00. Insured utilized a life settlement and received $202,800.00.
Case
History 5
Client:
78-year-old female in relatively good health.
Result: $1,000,000.00 policy with an annual premium of
$64,000.00. Insured utilized a life settlement and received $160,000.00.
Case History 6
Client:
89-year-old female
Result:
$2,000,000.00 policy with an annual premium of $110,000.00. Policy expires
at age 95. Insured utilized a life settlement and received $325,000.00.
Not every
applicant will qualify for a life settlement, however we have had tremendous success in securing
offers for individuals who originally thought they would not. If you
have questions or if you would like a free, no obligation, analysis please
submit our easy online quote request form and one of our qualified
representatives will contact you for a free consultation.
