|
Senior Life Settlement-Uses and Applications policy surrender value Qualifying Policies Often Include: ? Joint Survivorship ? Whole Life ? Universal Life ? Variable Life ? Group Life ? Term Life A Senior Life Settlement offers consumers the empowerment to make better financial planning decisions. A case example is quoted here to throw light on how senior life settlement could benefit a life insurance policy holder: Consider the case of a seventy-four year old female with a $10 million term policy. The annual premiums in excess of $300,000 no longer fit her financial plan so she planned to let the policy lapse. A financial advisor suggested an appraisal, which yielded two options: a $660,000 life settlement of a $3.5 million Settlement With A Paid-Up Policy (SWAPP). Instead of surrendering the policy for no value, the client chose the paid-up policy, eliminating her premium payments while addressing her estate planning needs. In a recently published (March 4, 2005), Bernstein Research Call, an industry-accepted market forecasting tool and indicator to professionals in the financial advisor sector, it is stated that the Senior Life Settlement business, an emerging secondary market for life insurance, will grow more than ten-fold to $160 billion over the next several years. http://www.life-settlementco.com/senior-life-settlement.html Jon Thomas has been involved in finance and insurance, specializing in emerging growth markets since 1979. He continues to write articles concerning the public and their pressing financial concerns. http://www.life-settlementco.com/senior-life-settlement.html « Previous Page « Last page » Discuss it (all 2) »
Read More Articles, They Are Related to This Topic:;
Term Life Insurance Quotes For Singles
Term life insurance quotes are rarely a concern of single people, but they should be. Unfortunately, there is a...
Read it then add your comment
Life Settlement Overview
A "Life Settlement" is a lump sum settlement paid to the owner of a life insurance policy by one of many...
Read it then read 2 comments about it
Life Insurance Settlement
A new financial tool is now available for senior citizens. Life Insurance Settlements are quickly becoming a way for...
Read it then read 2 comments about it
How Can I Compare Life Insurance Quotes?
The online life insurance companies offer a free service where you can request a free quote for your life insurance...
Read it then add your comment
Guide To Life Insurance Terms
Listed below is a useful guide to life insurance terms. It is a list of definitions of life insurance terms that may or...
Read it then add your comment
| 
