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Converting An Unwanted Life Insurance Policy Into Ca$h value will apply), the health condition, and the amount of the premiums that apply are the primary determinants in arriving at the price offered for a policy. What benefits are there for the insured? First - there is absolutely no cost for a policy appraisal Offers liquidity to clients Eliminates the insured having to pay premiums Funding for 'Alternative' products that fit current needs Offers an innovative and better solution for current status Provides another alternative for divesting policies that are no longer needed or wanted. (As opposed to letting policies lapse or accepting the cash surrender value established by the originating life insurance company.) How Does selling A Policy Work? 1. Policy owner (or professional financial advisor) requests and authorizes a policy evaluation. 2. Policy buyer obtains needed documentation, including policy information and physician statements, etc. The highest possible offer is obtained in the secondary market. The offer is submitted to the insured for acceptance. If accepted, a contract is sent for signatures. The change of ownership is completed and funds are released to the previous owner (usually the insured). Afra AmirSanjari is the Principal for Peacock Capital. Peacock Capital specializes in solving the cash flow challenges of Small/Medium Businesses, Government Vendors and Individuals with innovative financial solutions by providing a network for securing operating capital. http://www.peacockcapital.com; info@peacockcapital.com « Previous Page « Last page » Discuss it »
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