Selling Your Unneeded Life Insurance Policy

Selling Your Unneeded Life Insurance Policy

Did you know there is a hidden wealth inside your unneeded life insurance besides cash surrender value and death benefit?  We can help you unlock the potential wealth hidden inside your unneeded life insurance through a process called "Life Settlement".  A life settlement is the "legal" sale of an existing life insurance policy for more than its cash surrender value, but less than its net death benefit.  There are a number of reasons that a policy owner may choose to sell his or her life insurance policy. The policy owner may no longer need or want his or her policy, he or she may wish to purchase a different kind of life insurance policy, or premium payments may no longer be affordable.  In fact, most people purchased life insurance did not realize their insurance payment or benefit are NOT guaranteed.  They simply cancelled the insurance policy or let it lapsed without knowing the existence of secondary market called life settlement.  Life settlement began over 100 years ago.  In 1911, the U.S. Supreme Court case of Grigsby v. Russell, 222 U.S. 149 established a life insurance policy as private property, which may be assigned at the will of the owner.  That was the beginning of life settlement, a secondary market for life insurance.  Institution investors would pay lump sum cash to qualified policy owners from 20% - 50% of the insurance death benefit depending on their age and health.  By using life settlement, you can turning lapsing term insurance or underperformed Universal Life into large cash asset.  Life settlement is designed as an exist strategy, not for a profit.  

​Another life settlement option named "Retained Death Benefit Life Settlement".  The Retained Death Benefit Life Settlement provides the flexibility and benefit to policy owner.  The policy owner is no longer need to pay the insurance payment and share some death benefit with the institutional investor.  Institutional investor pays some cash to policy owner upfront and makes insurance payment.  Policy owners may found "Retained Death Benefit Life Settlement" option is more desirable knowing their beneficiaries will have some death benefits and without making more insurance payment.  

In general, institutional investors would purchase life insurance amount of $500,000 or more from policy owners age 70 and older.  The policy owner would often receive multiple offers from various institutional investors similar to selling a house.  We are licensed by the Department of Insurance as life settlement broker and have access to multiple institutional investors and providers.  We will help you find the best offers and options available before you cancelled or surrendered your unneeded life insurance.  Call us today for a FREE consultation. 

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(949) 385-3688
​​Brea Office:
135 South State College Blvd
Suite# 200
Brea, CA 92821​

​Temple Office:
5948 Temple City Blvd
Temple City, CA  91780

Culver Office:
300 Corporate Pointe
Suite #250
Culver City, CA 90230
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