Life Settlement OverviewWritten by Grant Shellhammer
A “Life Settlement” is a lump sum settlement paid to owner of a life insurance policy by one of many funding sources in exchange for ownership of policy. Never before have non-terminal policyholders been able to receive capital in excess of their policy’s cash or surrender value to increase their wealth. A Life Settlement can usually provide anywhere from 2 to 5 times cash surrender value of policy. "With life settlement option availble, there is no reason to surrender or lapse your life insurance policy." says Grant Shellhammer, of http://www.lifesettlementpro.com/.Generally, anyone over age 70 who has $100,000 or more in life insurance coverage may qualify for a Life Settlement regardless of health condition. Other factors considered in negotiations are policy’s cash surrender values and cost of premiums. A basic principle to remember is that older age of insured and/or more health complications exist, higher settlement. However, each individual’s situation is different from case to case. The fundamentals of Life Settlement transaction have technically been around since 1989 in form of “viatical settlements”. Individuals at any age can qualify for a viatical settlement if they have a chronic or terminal illness such as cancer or HIV. Viatical Settlements have always been contingent upon health of insured, whereas Life Settlements are contingent mainly upon age of insured. In most states a terminally ill senior applicant will need to use a licensed viatical broker and/or funder in order to abide by state rules and regulations and to retain tax-exempt status of settlement.
| | Financial openings without warranty alias Unsecured personal loansWritten by Amanda Thompson
Isn’t it trillionth article on unsecured loans? All are filled with details – extended, exhausting. It looks like that flood gates have opened and innumerable loan providers are ready to offer you unsecured personal loans. You want unsecured loan and you still haven’t found that information that makes you say – ‘Yes, this is unsecured loan, I want.’ Statistics make it more than obvious that unsecured personal loans demand has increased rapidly over past few years. If so many have found unsecured personal loan in this elaborate network of loan borrowing, so can you. According to statistics there has been a major increase in Unsecured personal loans as compared to other loans. According to FLA monthly statistics there has been a 21% increase in unsecured loans from same time a year ago. Unsecured personal loans are loans that are not secured against your assets. You don’t have to place your home, your property or any other substantial possessions as security for loan amount. An unsecured personal loan gives no guarantee to loan lender in case of non repayment. The loan lender relies entirely on loan borrower’s ability to make repayments. Yet it will be thoroughly naïve on our part if we believe that lender won’t be pursuing his money. A lender can pursue any loan through civil procedure and which will eventually lead to your home being at risk. Unsecured personal loans directly lead us to subject of interest rates. Unsecured personal loans charge high rate of interest. Therefore your monthly payment on unsecured personal loans will high. Therefore take a loan amount that is realizable according to your budget. Extending loan term will most probably make your loan a financial burden. Usually, interest rate on unsecured personal loans depends on many things like your circumstances and amount you want to borrow. This means that ‘typical’ interest rate that is advertised may not be offered to you. Your credit ratings are also crucial and will be decisive when interest rate is offered. Enough on what is intimidating about interest rate on unsecured personal loans. Now, good news! With so much competition in personal loans market, interest rates offer huge variation which is anywhere between 9 to 15 %.
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