Why cash in, lapse, or cancel a Life Insurance Policy when more money may be made by selling it!
What do you mean?
An Insurance Company can give back Cash Surrender Value on a Whole Life Policy, or, nothing in the case of a Term Policy, but, by selling a Life Insurance Policy there is an opportunity to always get more than the Cash Surrender Value for Whole Life Policies and money in the pocket for Term Policies! A Gold Mine Opportunity!
Introducing LifeCash®- A Service for Selling Life Insurance Policies!
We help you to liquidate Life Insurance Face Value into CASH!
When would this service be applicable?
A Life Insurance Policy may become unnecessary or unwanted due to a change of circumstances, or, due to updating Financial Plans.
What does this mean?
Individuals with a life expectancy of up to 12 years, and, an aggregate face value of at least $250,000, have the opportunity to sell their existing life policies for a percentage of the face value!
Is this a Viatical Settlement?
No. A Viatical Settlement typically occurs when a person is terminally or chronically ill, and, their life expectancy may not be more than two (2) years. LifeCash® is about people who in the normal course of life are going to lapse or cancel their Policies anyway and who have a life expectancy of up to 12 years.
What is the general age range that might be applicable?
Males aged 65 and above, and, Females aged 75 and above. But, remember, cases with a life expectancy of up to 12 years are considered, so you could be younger with health conditions!
Can any Life Insurance Policy be sold?
Yes
Does it matter who owns the Policy?
No
Who buys these Policies?
We have access to several sources of Institutional and Investor money.
Are there any restrictions or limits as to what I can do with the sales proceeds?
None. You can do whatever you wish with the money.
What about Taxes?
According to a leading international accounting firm, whatever amount is the greater of Cash Surrender Value, or, Total Premium Cost, (if Cash Surrender Value is less than Total Premium Cost), is likely to be taxed at the Capital Gains Tax rate. If you wish to get further information on this, please send an email.
What should the Policyowner be aware of before selling any policy?
The Notice of Disclosure in the Application must be reviewed and agreed upon by the Policyowner prior to selling any Policy. Please review the Notice of Disclosure.
How does this service benefit you?
Have a look at more information in the Agent, Professional Advisor, and Policyowner pages!
Interested?
Please register your contact details, and, if you think you have a case, please complete the Case Qualification Form and you will receive a package of information on a transaction the British have been enjoying for years!