Client Benefits?

Many retired individuals living in the United States are living longer, healthier lives and have been affected by the recession, the housing crisis, the extension of the Bush tax cuts, and perhaps several other issues.  Many of these senior citizens find that the original reasons for which they might have purchased life insurance might have changed, and they now have life insurance policies which they can no longer afford or no longer need.  Life settlements are a financial planning technique whereby a life insurance policy is sold for a lump sum cash payout to the policy owner, and in every case is more than what the insurance carrier would pay out if the policy were cancelled. 

There are many reasons why our senior clients choose life settlements:

• Policy coverage is more than is needed
• There are no more beneficiaries of the policy
• Enjoy gifting money to your children today
• Pay for long term medical care expenses
• You wish to pursue alternative investments
• Premium payments have become too expensive
• You want a large lump sum of cash now
• You want to improve your standard of living
• Settlements can be used to pay living expenses in a retirement home
• There is a charity you wish to donate to
• The total size of the estate has changed

Unfortunately, senior citizens usually cancel their life insurance policies without fully considering all alternatives.  Life insurance companies do very little to educate their policy owners about a life settlement because they benefit from cancellations.  However, life insurance policies often are worth more in the life settlements market.  Contact Opulen Capital today for a free consultation.