$493 BILLION

The amount of unwanted life insurance policies that lapsed in 2006
Source: ACLI

These policy owners received
$0

Don’t let your policy lapse!

Sell it today in a life settlement and receive 20% to 40% of its value!

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Example Life Settlement

Policy Owner:
62 Year Old Male
Policy Value:
$250,000
Cash Surrender Value (CSV):
$0
Gross Offer for Policy:
$54,500
21.8% of policy value
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You could be eligible right now for a life settlement!

Call us for a quick evaluation.  It’s free and there is no obligation!

Call toll free
800.492.5186

 

What Are Life Settlements?

Ask CharlesEdwards.

Selling your life insurance policy is also known as a life settlement. A life settlement is a sensible financial tool available to individuals, trusts, charities and businesses who want to cash out their unwanted life insurance policies.  

 

Typically, large banks or institutions are the buyers of these policies. Once they purchase your policy and pay you a one-time cash settlement, they become the owners and beneficiaries of the policy, take over the future premium payments, and release you from any financial obligations on the policy.

CharlesEdwards is a life settlement broker with access to over 40 established institutional buyers in the secondary market for life insurance.  Major institutions such as Citibank, UBS, Goldman Sachs, Deutsche Bank, and Credit Suisse are just a few of the many who participate in the life settlements market.

How Much Can I Receive in a Life Settlement?

Life settlement amounts can typically range between 10% and 40% of a life policy’s death benefit. Some life settlements are less and others much more—always dependent upon the type of policy and the insured’s health at the time of the settlement.  When compared to cash surrender values offered by the insurance carrier for the same policy, life settlements are generally much more. 

Selling My Life Insurance Policy? I Never Knew It Could Be Done.

You’re not alone! 

For years, policy owners viewed their life insurance policies as assets that had no significant cash value to them, instead offering benefit solely to their beneficiaries. Consequently, coverage was obtained, premiums paid, and policies tucked away for safekeeping without any thought of the significant current value that they held. 

 

Fortunately for these policy owners, the Supreme Court held a different view of life insurance policies.  In 1911, the Court ruled that life insurance policies were freely assignable for value. In other words, life insurance policies could be sold just like any other asset. However, it wasn’t until the late 1990s that life settlements started to take off—ending the life insurance companies’ monopoly power over the repurchase of their own issued policies for pennies on the dollar.

 

Needs change over time. If your needs have changed, and you would like to sell that unwanted policy, let us help you turn that overlooked asset into cash you can enjoy in your lifetime. Call us today!

  

Learn More About How to Sell Your Policy >

 

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