Are you getting the most value out of your life insurance policy? It's impossible to quantify the importance of ensuring that your family is cared for after your passing. However, when you consider how many stresses the average person contends with, it's easy to see why most people don't spend a lot of time shopping around for providers.
Luckily, that's what we are here for. At ABB Wealth Strategies, we can help you find a life insurer that offers the most benefits through our life settlements process.
A life settlement is the sale of an existing life insurance policy to a third party for a lump-sum, one-time payment. Typically, you will sell a life insurance policy for more than it's current value, but less than it's face value.
When a life insurance policy is sold, the new proprietor becomes the sole beneficiary once the original insurance holder passes away. The new proprietor of the insurance policy also assumes payment of all the premiums required by the policy.
There are many reasons why someone would choose to sell their life insurance policy. A typical example is individuals who cannot afford to make the payments for their policy. Other reasons for selling an insurance policy include:
Our philosophy for finding the highest possible value for your life insurance policy is the auction-based sales approach. We have found that just evaluating one company's offer will never allow our clients to know if they are getting the best possible offer.
Our life settlements division puts together an auction of up to 49 different companies bidding on the policy, which is a great way to see what it is really worth on the open market. This is all done with no fees, no costs, and no obligation to sell.
If you are looking to sell a life insurance policy, ABB Wealth Strategies can help you find the true value and get the most for your investment. To learn more about our approach and how we can help with your retirement planning, get in touch with our team today!
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