Selling your life insurance policy might not be something you’ve considered before or even known about, but doing so could be a smart way to unlock value from an asset you no longer need. Whether you’re looking to cover unexpected expenses, fund a new chapter in life or simply make the...
Depending on the type of life insurance policy you have, there may be many ways to get money from its value, other than a full settlement. Five Reasons to Sell Your Life Insurance Policy Before you decide to take a settlement, it's wise to get the help of an expert in this field,...
Should You Sell Your Life Insurance Policy?Discusses the factors that should be considered in selling life insurance policies. Return on investment generated by life-settlement firms; Premiums of life insurance; Death and sick benefits offered by the policy.Katt...
The person insured has control of their own policy. When considering ownership of an insurance policy, you need to consider control of the policy, payment of premiums, the business structure, the potential for ownership changes and tax on the receipt of insurance proceeds. Your financial adviser,...
Learn about the steps involved in a life settlement transaction. What is a Life Settlement? A life settlement is the sale of an existing life insurance policy..
A life settlement is an option for qualifying seniors who no longer need or want their life insurance policy. Instead of letting the policy lapse or surrendering it for its cash value, policyholders may be able to sell the policy for a lump… ...
2.to deal in; keep or offer for sale:to sell insurance. 3.to make a sale or offer for sale to. 4.to persuade or induce to buy. 5.to promote or effect the sale of:Packaging sells many products. 6.to achieve sales of:The record sold a million copies. ...
When a Policyowner contemplates an existing life insurance policy is no longer needed or wanted or affordable, the easy conclusion is to give it back to the insurance company for the cash surrender value or “salvage value” as we like to call it. But how do you know this is the “best...
6. Educate and inform:Many objections arise from a lack of understanding or misconceptions. Take the time to educate the client about the specific aspects of the insurance policy in question. Offer clear explanations, provide examples, and clarify any misconceptions to help them make an informed ...
This includes term life insurance, whole life insurance, universal life insurance, and more. Understanding the benefits and features of each policy type will allow you to recommend the most suitable options to your clients. Consider Carrier Reputation: Research and evaluate the reputation and ...