Alabama Life Settlements
Helping Alabama Seniors Discover Hidden Wealth Through Life Settlements
Life settlements are an increasingly popular financial transaction in which a policy owner who has an unwanted or unneeded life insurance policy opts to sell their policy to a third party for more than the potential cash payout they would have received from their insurance company. This makes the third party purchaser of the Alabama life settlement the new beneficiary of the policy when it matures and makes the third party purchaser responsible for paying all of the premiums that become due on the policy.
The sale of life insurance policies when the intended benefits are no longer needed has opened a secondary market for life insurance. Policy owners can now access fair market values for their policies rather than accepting the lower cash surrender value (the amount an individual would receive if they surrendered the policy to the life insurance company prior to the policy’s maturation or the holder’s death).
An Alabama life settlement is most often an option for people who are 65 yrs or older. Life settlements allow people to maximize the benefit they receive from their life insurance policy if the individual who would benefit from the policy is no longer in need of the policy’s benefit. Other benefits of life settlements include: taxes, estate planning and charitable giving.
This site is for insurance agents or Registered Representatives use only. Not for use with the general public, and does not apply to variable life settlements. Alabama life settlement amounts are based on numerous factors. Actual results will vary. Some or all of the proceeds of a life settlement may be taxable under federal or state income tax laws. We do not offer tax advice. Advice from a professional tax advisor is recommended.
A Life Settlement may provide you or your client with the best financial solution possible. Please Chat with one of our live Consultants or Fill out this form and a trained specialist will contact you to answer all your questions, and provide you or your client the safety and security that only an Institutional Funder can assure.
An Exciting Story
Let’s imagine for a moment that a brand new medical study was done that discovered that each and every one of us has a diamond in our body... Continue Reading