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Senior Life Settlements

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What is a Senior settlement?
Senior Settlements provide funds needed for long term care, a dream vacation, or other investments that produce better results. An important benefit is the elimination of premiums that can make a difference in deciding which type of lifestyle you prefer.

Definition:
A Senior Settlement is the sale of a life insurance policy to a financial institution. The policy owner sells the policy for a discounted amount based on their current health status and the premiums required to keep the policy in force. The senior benefits by eliminating premium payments from the sale of the policy and receiving a lump sum of money that can be used at their discretion.
  • Requirements: - Qualifying for a Senior Settlement is simple. There are just four simple requirements to get you started on the road to financial peace of mind.

  • I - You must have the policy for at least two years.

  • II - Face Value/Death Benefit of policy must be greater than $100,000.

  • III - Over the age of 70 or 65 with some health issues.

  • IV - You have a chronic or terminal illness (any age).

  • V - Policy type can be term, universal life, whole life, corporate life, key man, joint survivorship, government issued policies, most group policies**

Other policies may qualify

If you feel you may qualify regardless of age based on current medical condition, contact us today for our confidential services that will make a difference now.


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