Unlocking the Hidden Value of Your Life Insurance Policy
Welcome to Annuity Wealth
An independent insurance agency with over 30 years of experience in the industry. As the rhythm of life moves forward and the seasons of life change, we discover so do priorities and needs, making it critical to be able to adapt to change. One of the most repeated comments I’ve heard from clients over the years, is the amount of insurance premium paid over a lifetime towards a life insurance policy, and the realization in some cases there is little to show for it. In other cases the cash value is lower than amounts paid into a cash value policy and the policy is no longer needed. A couple of examples out of many possible scenarios.
Discover the true value of your life insurance policy today and start planning for your family’s future, paying off debts, and enjoying retirement stress-free.
Qualification Requirements
Do You Qualify?
When considering a life insurance settlement, it’s essential to understand what you qualify for and how the process works. By working with professional life settlement brokers, you can determine the value of your life insurance policy and explore your options for liquidating it.
Here’s what you can expect in the qualification process:
Evaluation of Cash Surrender Value: Our experienced life settlement brokers will assess the cash surrender value of your insurance policy, which is the amount your insurance company would pay if you were to surrender the policy. Understanding this value is crucial in determining the potential payout you could receive through a life settlement.
Determining Eligibility: Qualifying for a life insurance settlement typically involves factors such as your age, health condition, and the specific terms of your policy. These elements play a significant role in calculating the value of your policy and determining if a life settlement is the right choice for you.
Professional Guidance: Our team will guide you through the entire qualification process, providing expert advice and assistance at every step. We will ensure that you have a clear understanding of your options and help you make informed decisions regarding your life insurance policy.
Our Requirements:
Age: At least 65 years old
Policy Value: $100,000 or more
- Health Status: Experienced a change
- Ability to secure significant payouts
- Dedicated to supporting your financial needs
If you meet the eligibility criteria and are contemplating selling your life insurance policy, contact Annuity Wealth today to determine your qualifications. Let us help you navigate the complexities of life insurance settlements and secure the financial assistance you deserve.
When taking your life insurance policy into account, several aspects are considered in order to determine whether or not you qualify for a life settlement. Things like the size of your policy, health conditions, age, and life expectancy.
In some cases, even though you’re eligible does not necessarily mean you qualify. That’s where we come in.
At Annuity Wealth we do our best to help you get the most money for your life insurance policy possible.Health problems are not a requirement for eligibility for a life settlement. Our partners obtain offers for healthy clients on a daily basis. You may qualify if you are over the age of 65 and own any kind of life insurance policy (Even a Term Policy) with a death benefit greater than $100,000.
Annuity Wealth works in partnership with trusted life settlement companies who hold a sterling reputation within the life settlement industry. They have strong partnerships with numerous funding entities, some exclusive to them, ensuring a seamless process for our clients. When you choose us to broker the sale of your policy, we and our partners handle all aspects of the life settlement process, providing you with peace of mind and reducing your time and paperwork.
What Do I Qualify For?
Find the maximum cash value of your life insurance policy with our expert guidance.
Settlement Guide: Understand the life settlement process and the benefits it offers.
How Does It Work?
Similar to selling a home, you can leverage your life insurance policy as an asset and receive financial rewards before its maturity date. This process is known as a life settlement, and it involves selling your life insurance policy to a third party for a lump sum payment. This option allows the policyholder to receive a cash settlement for their policy, treating the transaction as private property. This means that the proceeds from the sale are not subject to income tax.
This concept of transferring a life insurance policy to a company for financial gain while the policyholder is still alive dates back to 1911, when a court case allowed policyholders to do so. However, it wasn’t until the 1980s that the viatical settlements market emerged and became more commonly used. This was largely due to the AIDS epidemic and the need for terminally ill patients to have access to immediate liquidity.
Independent agencies like Annuity Wealth play a key role in the life settlements market by facilitating access to life settlement broker-buyers of life insurance policies. Today, life settlements continue to provide financial assistance to those in need. While the market has expanded beyond just terminally ill patients, it still offers a valuable option for individuals who may be facing financial difficulties and have a life insurance policy they no longer need.
Many individuals are unaware of the options available to them when it comes to unwanted life insurance policies. A life settlement can be a valuable solution for those who no longer need or can afford their current policy. By working with a reputable independent Agency like Annuity Wealth policy holders can unlock the cash value of their policy and potentially receive a lump-sum payment that exceeds the surrender value offered by insurance companies. Rather than letting a policy lapse or surrendering it for minimal returns, exploring a life settlement can provide greater financial benefits and peace of mind for policyholders and their loved ones.