Life Settlements

Life Settlements from Beacon - life settlements for life insurance

By: Beacon - life settlements for life insurance  10/29/2015

A Life Settlement provides an option for life insurance policyholders at least 75 years old when making payments on a policy is no longer appropriate or affordable. Settlement amounts vary based upon life expectancy, premium obligations and prevailing interest rates. The main difference between a Viatical and Life Settlement is that the policyholder for a Life Settlement is not terminally or chronically ill. Common Circumstances Sale of a Business Dissolution of Partnership Divorce Premiums no longer affordable Retirement Bankruptcy Key employee leaving company Pay for Long-term or Assisted Living Care Death of a Beneficiary Change in size of Estate Eligibility Requirements Minimum face amount of $250,000 Minimum insurance carrier rating with Standard & Poor’s of A (highest rating AAA) Policy is past contestable two year period (some states require five year ownership) No invasive interviews, physical examinations or fees


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10/29/2015

Viatical Settlements For Life Insurance

Viatical Settlements help those who are terminally or chronically ill receive cash for their life insurance.