Connecticut Life Settlement

Seniors often don’t know what a life settlement is.  A life settlement simply is a lump sum cash payout to the policy owner for more than what the insurance company would give if the policy were cancelled. 

Many seniors today are living longer, healthier lives.  And often, they don’t have enough money saved to last them through this retirement.  The housing crisis, recent recession, and the extension of the Bush era tax cuts by president Obama are all reasons why an estate plan created as recently as five years ago might need to be reconsidered.  Most retirees who look at their estate plans simply decide they need to cancel their life insurance policies because their advisor told them to or because they simply didn’t know this opportunity existed. 

This is why a life settlement is so important to consider for those who want to get rid of these insurance policies.  Whereas a life insurance company might not give any cash back if a policy were cancelled, Opulen Capital works with their network of institutional investors to return as much as 5% to 70% of the face amount of the policy to the owner. 

Opulen Capital works with clients throughout Connecticut that have the following types of insurance policies:

• Group policies
• Key Man policies
• Whole life insurance policies
• Variable life insurance
• Term insurance polices
• Universal insurance polices
• Survivorship policies

If your policy isn’t listed here, Opulen Capital may still be able to help you.  Contact Opulen Capital today for a free life insurance policy settlement consultation.

Opulen Capital performs an in-depth evaluation of the insured’s current insurance needs and determines if a policy sale is possible and if so, how much can be captured from the buyers of this life insurance policy.  We then work through the entire process of pulling all required forms and documentation, minimizing time and effort required of the insured and the financial advisor.  Opulen Capital also pays all up front costs of case processing, including medical records and insurance company documentation.  In fact the entire evaluation is performed without cost to the advisor or the insured. 

Some of the various financial professionals we work with in Connecticut:

• Tax Attorneys
• Life Insurance Agents and Brokers
• CPA’s and Accountants
• Financial Advisors and Planners
• Lawyers and Attorneys

When considering cancelling your life insurance policy, please contact Opulen Capital first.  We might have alternatives that you haven’t considered yet. 

Some of the towns that senior citizens live in Connecticut are Greenwich, Stamford, Norwalk, Bridgeport, Milford, Trumbull, Danbury, New Milford, Torrington, Nanaan, Winsted, Bristol, Waterbury, Meriden, Hamden, Milford, New Haven, Middletown, Old Lyme, New London, Groton, Norwich, Willimantic, Manchester, Hartford, Windsor Locks, Putnam, and Storrs.