Underwriting Specialists offers you the option of brokered life settlements, ensuring your clients receive the best possible offer.
Life Settlements are now a mature, legitimate and reliable choice to create financial options for your clients. Life insurance can often be a senior’s largest asset, and one they can use to alleviate retirement challenges like medical expenses, living costs, and more. Knowing that you are well-equipped with a policy that best meets your clients’ needs is crucial. Why sacrifice a policy that a client has spent years paying into, when you can exchange your premium payments for a cash lump sum payment now?
Get a free, instant estimate by contacting USI at 215-540-4470 or emailing us at: info@undspec.com
Below are some of the reasons to consider this option:
- Financial Benefit: When a policyholder lapses on their life insurance policy, they receive nothing in return for the premiums they have paid over the years. However, with a life settlement, the policyholder receives a lump sum payment that is typically higher than the surrender value of the policy.
- Potential for Higher Returns: Life settlement providers often pay more than the cash surrender value offered by the insurance company. This means policyholders can potentially receive a larger sum of money by selling their policy rather than surrendering it.
- Financial Flexibility: Life settlements offer financial flexibility to policyholders who may be facing changing financial circumstances, such as unexpected medical expenses, retirement planning needs, or the desire to invest in other opportunities.
- Relief from Premium Payments: By selling their policy through a life settlement, policyholders are relieved of the responsibility of paying future premiums. This can be beneficial for individuals who are no longer able or willing to continue paying premiums.
- No Longer Needed Coverage: Some individuals may find that they no longer need the coverage provided by their life insurance policy. In such cases, selling the policy through a life settlement allows them to monetize an asset they no longer require.
- Estate Planning and Tax Benefits: Life settlements can also have advantages in estate planning. Rather than allowing the policy to lapse and potentially incur taxes or affect Medicaid eligibility, selling the policy through a life settlement can provide cash that can be used for various purposes without tax consequences.
Contact USI for all of your client insurance needs.
Phone: (215) 540-4470 l Email: info@undspec.com