What Are Life Insurance Settlements?
Life Insurance Settlements allow a life insurance policy owner to sell an existing policy to a financial institution, called a provider, in exchange for a lump sum cash settlement. The amount paid for the policy is a discounted percentage of the policy's net death benefit and represents the present day value of the policy. This purchase price is determined by considering the insured's estimated mortality (life expectancy) and the associated cost of premiums to keep the policy in force for that timeframe.
There are two (2) types of life insurance settlement transactions:
1. Life Settlements create immediate liquidity from a non-performing asset, allowing policy owners to cash out of unwanted, unaffordable or obsolete life insurance policies insuring a senior generally over age sixty five (65).
Click to review our Life Settlement Overview.
2. Viatical Settlements someone facing a terminal illness to utilize the present day value of his or her life insurance policy to ease the financial burdens that can be caused by the high costs of medical care.
Click to review our Viatical Settlement Overview.
Join us for an Introduction to Life Settlements Webinar on August 28th, at 1pm EST. Click here to register now.
Why Choose Welcome Funds Inc.?
Welcome Funds Inc. is an authorized and registered Viatical & Life Settlement Broker. As an authorized broker, it is our responsibility to negotiate with registered providers to maximize settlement offers for each and every client.
- Only one application is required to receive multiple offers from the top providers in the industry!
- We represent the best interests of the policy owner and insured during the entire life insurance settlement transaction.
- There are never any fees to apply and there is absolutely no obligation to accept an offer from any of our funding sources.
- It is our goal to provide a quick, professional and hassle-free settlement process.
- All personal information obtained during the application process is strictly confidential.
By choosing to work with a broker to negotiate offers on your behalf, you have only one point of contact to follow up with regarding your application status. In addition, your physicians and insurance company will only be contacted by one firm. It is quite common for medical records staff and customer service representatives to become overwhelmed and inconvenienced by multiple requests for the same information, which translates into considerable delays in the underwriting process.
For more detailed information about Welcome Funds Inc., please review our Corporate Page.
Insurance & Financial Professionals
Over the past few years, life insurance settlements have gained popularity among the financial planning community as the monetary benefits to policy holders have become far too beneficial to ignore. As this industry continues to grow, many financial professionals have begun to recommend this financial service to their qualified clients, enabling more and more policy owners to access the unrealized equity built up inside an asset that is normally considered only as a future benefit.
By informing your clients about life insurance settlements, you can help them turn a policy on the verge of cancellation, surrender or lapse, into a cash settlement. It’s a true win-win opportunity!
Click here to learn more about our Agent Opportunities!
What Is The Next Step?
- Learn more about Life Settlements.
- Learn more about Viatical Settlements.
- Life Settlement Agents Wanted - For Insurance & Financial Professionals only.
- Visit our Download Center!