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Qualifying Policies Often Include:
•Joint Survivorship •Whole Life •Universal Life •Variable Life •Group Life •Term Life
A Senior Life Settlement offers consumers 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 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 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 policy for no value, client chose 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 financial advisor sector, it is stated that Senior Life Settlement business, an emerging secondary market for life insurance, will grow more than ten-fold to $160 billion over next several years.
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