Have a life insurance policy you no longer need? Most people don’t realize that selling your life insurance policy is a possibility through what’s called a life settlement. A Life Settlement is defined as “the sale of any existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit.”
I sat down with the Ardan Group to get a better understanding of how exactly this works.
What Exactly is a Life Settlement:
A Life Settlement is a transaction in which a life insurance policy is sold to a third party and it’s a way of converting your life insurance policy, while you’re still alive, into money you can use now. The sale of your life insurance policy will also relieve you of all future premium expenses.
Here are some frequently asked questions regarding Life Settlements provided by the Ardan Group:
Who is Eligible For a Life Settlement:
Each case is unique and circumstances vary, but in general people aged 62 and older are eligible. Contact us to speak with a settlement expert who will provide a recommendation specific to your situation.
What Types of Policies Can Be Sold in a Settlement?
Term, Whole Life, Universal Life, Key Person, Joint Life insurance.
What Can I Use the Settlement Funds for?
Paying medical bills, maintaining your independence, augmenting your retirement lifestyle, taking a trip, making a charitable donation…..there are no restrictions as to how you may use the funds.
Does My Insurance Company Have to Agree to a Settlement?
No. The insurance policy is your asset, legally and contractually and you have the legal
right to sell or assign this benefit for exchange of value (Life/Viatical Settlement).
Does My Current Beneficiary Have to Agree to the Settlement?
Your current beneficiary will sign off on your Settlement and having the cash from the transaction might benefit them as well. In some cases, you may be able to leave your beneficiaries a portion of your policy’s benefit too.
How Do I Select a Reputable Settlement Broker to Sell My Policy?
Look for a company that is an innovative leader, is licensed, knowledgeable and experienced. Ardan has been highly regarded in the industry since 1990 and is known for offering innovative Best Value Settlement ℠ .
Are you interested in selling your life insurance policy? The professionals at the Ardan Group will help you and your family obtain the Best Value Settlement℠ and optimize this important financial benefit! Give them a call today to see if you qualify 1-800-699-3522.
Navy Veteran Davis Chris Takes the Music Industry by storm
In life, you need to break down anything that might be holding you back and change course if need be...
5 Disruptive Leaders Paving the Way in 2021
Where there is uncertainty, lies a whirlwind of opportunity. 2020 was the year that had entrepreneurs learn a great deal...
Brock Pierce Wants To Disrupt The Two Party System And Be Your Next President
We don’t usually cover politics much here at Disrupt, but when Crypto billionaire and friend of the show, Brock Pierce...
John Mcafee – Predictions For The Future
John McAfee is a world-famous tech CEO, computer scientist, civil disobedience activist, privacy advocate, and pioneer of the commercial anti-virus...
Gaby Wall Street – Teaching Latinas to Thrive During The Crisis
It’s no secret we are facing one of the most challenging financial times of the last few decades as we...
Tony Delgado – The #1 Entrepreneurship Movement In Puerto Rico
Puerto Rican online market is in constant progress. With many entrepreneurs who are coming here to start a business, it...
Elena Cardone – The 10X Ladies Conference Is Declaring 2020 The Decade For Women
The next ten years are meant for women to continue growing their potential and succeeding in multiple areas, including business....
How Josh Elizetxe Built Snow Into a $40 Million Dollar Business
There is nothing quite like an entrepreneur’s determination when starting a business. That’s my original quote by the way (pun...
How Jason Capital Became A Self Made Millionaire By 24
Have you ever wanted to earn the respect of everyone who ever looked down on you at some point in...
Sam Bakhtiar On His Way To A Quarter Billion
Dr. Saman Bakhtiar, who prefers being referred as Sam, lives in an 8200 square foot $5.2 million house, Sam is...
Women Who Disrupt2 weeks ago
How Adriana And Sabrina Santostefano Are Making An Impact In A Male-Dominated Industry
Executive Voice2 weeks ago
Hip Artist couple gets married on Aspen mountain and camps with the Mountain lions afterwards where the continents divide!
Entrepreneurship2 weeks ago
James Blake: An Entrepreneur Who Puts His Success Down To Massive Action
Cryptocurrency2 weeks ago
Texas Siblings, 14- and 9-year-old, Earning Over $30,000 a Month Through Cryptocurrency Mining
Executive Voice1 week ago
Exclusive Interview of Simon Elliot, Managing Partner of 4xi Global Consulting & Solutions
Entrepreneurship6 days ago
Jesse Mauck, Leveraging Credit To Exponentially Grow Your Business
Press Release3 days ago
Roseon Finance Partners with Social Betting Platform Bettery
Executive Voice1 week ago
GiftyOware-Aboagye is a Daring Female Entrepreneur Disrupting and Shaking Industry Tables in Ghana