Seniors Convert Life Insurance Policies To Life Settlements For Retirement

Seniors Convert Life Insurance Policies To Life Settlements For Retirement , updated 10/11/21, 10:26 PM

Q Life Settlements has launched a new report that explains what life settlements are and why they can be an important part of a senior’s financial plan for retirement. More information is available at https://qlifesettlements.com/life-settlements-guide

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Seniors Convert Life Insurance Policies To
Life Settlements For Retirement 
Are you a senior who wants to live
the same lifestyle you had before
retirement? If you have a life
insurance policy, you could have a
lump sum cash payment in your
hand that can help you meet that
goal.
This new report by Q Life
Settlements explains that life
settlements may be a better
financial move for you than holding
onto and paying expensive
premiums for life insurance
policies.
According to a study in 2018 by
investment management firm
Conning, $200 billion worth of
life insurance will expire or be
relinquished every year through
2027.
According to a report from
Wharton School of Business,
nearly 88% of all universal life
insurance policies are lapsed or
relinquished without paying a
death benefit.
You might be unaware of
life settlements and their
benefits.
A life settlement is the legal sale
of an in-force life insurance policy
to a third party for more than the
policy's cash surrender value but
less than its net death benefit.
Life settlements are a safe
option for you if you are aged
70 and have a life insurance
policy of $100,000 or more.
Life settlement companies
must be licensed, must use
approved forms, and follow
state regulations.
According to ThinkAdvisor,
90% of Americans live in
states that have laws to
protect seniors when selling
their life insurance policies.
Although life insurance
remains important in many
households, a life settlement
can be a better option for
you.
Click on the link in the
description for more
information.