5 reasons seniors consider selling their life insurance

Posted on January 20, 2009 under ,

Our clients offer these as some of the reasons for choosing a Life Settlement:

  • the original need for the life insurance policy no longer exists
  • the policyholder wants to update their insurance with new insurance that is more suited to their current needs
  • the sale of the policy would allow the policyholder to achieve an improved standard of living
  • a diminished estate value reduces the amount of tax liability the original life insurance policy was purchased to cover
  • to use the proceeds to invest elsewhere
  • to make a cash donation to charity

One of our clients recently accepted an offer for his policy and is using the funds to purchase warehouse space in the SF Bay Area, which will be included in his estate for his beneficiaries.

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