Sell Your Policy
Like many Americans, you may not have known until now that your life insurance policy is worth more than its cash surrender value. If you qualify, it may be worth a lot more.
A Senior Life Settlement is a socially responsible transaction that benefits seniors. When a senior insured decides, “I want to sell my life insurance policy,” it is well-documented that the seller will receive a significantly greater amount by selling their policy to a life settlement company than they will to surrender it back to the carrier, or worse…stop paying the premiums and let the policy lapse worthless.
There are a number of things to consider if you’re contemplating selling your policy:
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Premiums are too burdensome on your budget - A life settlement transaction might be the answer to eliminating premium payments that are no longer affordable.
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Your Term Life Policy is expiring soon - Instead of lapsing your policy for no benefit, you may be able to convert to a permanent form of coverage and immediately settle it for cash in the secondary market, before any more premiums are due.
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The need to fund estate tax liability for your heirs no longer applies - If your estate value is less than $11.18 mm (double for married couples), you may be over-insured. You can eliminate a liability and earn a cash settlement for some of your surplus coverage.
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You need help paying for increasing medical care costs - A life settlement can create immediate cash flow to eliminate the strain of medical bills on your household and family.
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You want to grow your retirement savings - A life settlement transaction has a double benefit of eliminating the premium drain on your budget while adding a big deposit to your retirement account.
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Your coverage no longer suits your needs or wants - You receive a lump sum payment with no restrictions on how you save, spend or invest the proceeds.
See If You Qualify
You may be eligible to sell your life insurance policy if you meet the following qualifications:
You are age 65 or Older
Younger policyholders may qualify if certain other conditions are met.
You have had a change in health conditions
If you have undergone a prolonged illness or suffered a general decline in health conditions since you purchased your policy.
You own a Life Insurance Policy of $100,000 or more
We buy many different kinds of life insurance policies including Universal Life, Variable Life, Survivorship Life, and Convertible Term coverages.
Selling your policy is a simple process:
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Qualify - To start, we will help you obtain a current in-force policy illustration from your carrier and collect some basic health information. You can provide us this information by completing an easy online form or call us at (404) 504-7006 and we will help you walk through the steps.
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Document Collection & Review - You will asked to execute an authorization for us to obtain copies of your medical records and insurance policy information.
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Offer & Acceptance - Once we have been able to determine the value of your policy, you may receive a qualified offer from Capstone’s authorized and licensed life settlement Provider. You are under no obligation to sell your policy, but if you choose to accept and authorize the transaction, you will receive an immediate lump sum cash settlement and you will be under no further obligation to make premium payments ever again.
The length of time it takes to process a transaction depends on multiple factors including how long it takes to gain access to your medical records and how efficiently you are able to execute and transmit documents. Capstone will be there through each step to help make the process simple, transparent and professional.
Schedule a Consultation
Let’s talk and see how we can help you turn a liability into cash.
CAPSTONE ALTERNATIVE STRATEGIES
RESOURCES
CONTACT
- 3355 Lenox Road NE, Suite 750
Atlanta, GA 30326 - P: (404) 504-7006
- E: contact@capaltstrategies.com
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