Billion Life Insurance Policies Lapses Annually For Seniors 65+

OF Seniors feel their advisors should have informed them of the option to sell an unwanted policy

OF those who lapse policies would have considered selling their policy as a life settlement if they had known about it

Discover the Unknown Retirement Planning Strategy.

Learn about the hidden value in your life policy.

Each year more than $100 billion face value of life insurance lapses by seniors over the age of 65 – mostly from a lack of knowledge that an unneeded or unaffordable policy may be sold and that proceeds can be used to help improve and change their retirement planning strategy.

Frequently Asked Questions
Like any personal property, your life insurance can be sold through a life settlement. A life settlement is the sale by the owner of a life insurance policy to a third party for an amount greater than its cash surrender value and less than the death benefit. The seller of the policy receives a cash payment. The buyer of the policy assumes all future premiums payments and receives the death benefit upon the passing of the insured.
In general, the following qualification criteria applies: Seniors who are age 65 years or older. Younger insureds may qualify, depending on certain medical conditions. Any type of insurance may qualify, including convertible term insurance. Life insurance policies with death benefits of more than $100,000 are most desirable.
When you sell your insurance policy, you receive a cash payment. The buyer pays all future premiums and receives the death benefit when the policy matures (when the insured dies). Every case is different. The amount you receive will depend on your death benefit amount, premiums, and life expectancy. The amount received from selling a policy will always be greater than the cash surrender value and less than the death benefit value. US policy owners receive on average 4-8 times more than the policy cash surrender values.
If you believe that you may be a candidate for a life settlement and would like to learn more about the possible sale of your life insurance policy, we would be happy to refer you to a qualified life settlement professional. To find a professional click here.
The reason you may not be aware of the information disclosed in this retirement planning strategy book is because nearly one in four professional financial advisors aren’t even allowed to tell you about the fact that you have the right to sell your life insurance policy because the life insurance industry doesn’t want that option to be known to you.

Find the Hidden Value in Your Life Insurance.

A majority of American seniors lapse their policies without knowing that alternatives are available.Darwin M. Bayston, CFA, President of Life Insurance Settlement Association, Author

Daryn Teague
Until recently, a life insurance policy was only considered to be a valuable asset after a senior passed away; therefore, simply for the financial gain of the named beneficiaries.Daryn N. Teague, Author

From Aspiration
to Reality.

There is nothing more rewarding than going out of our way to inform seniors about all their options with an unwanted life insurance policy.

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