Virginia Life Settlement

What is a Virginia Life Settlement?  A Life Settlement in Virginia can provide financial assistance for those senior citizens who no longer need or can afford the ongoing costs of their life insurance policy.  Think of it as a way to convert a life insurance policy into a lump sum cash payout for something you were going to dispose of anyway. 

Senior citizens and retirees are living longer healthier lives.  Because of the extension of the Bush tax cuts, the housing crisis, the recent recession, and perhaps several other factors, many senior citizens simply do not need or cannot afford the coverage their life insurance policy provides. 

Often, life insurance carriers do disclose to their clients the option of life settlements as the carriers would prefer the policy owner cancels the coverage.  Carriers then have to return very little, if any, of the cash paid into the policy back to the owner. 

Opulen Capital assists in this situation with a life settlement transaction.  A life settlement is a transaction whereupon if a senior citizen wants to cancel their life insurance policy, Opulen Capital can convert that policy into a substantial cash settlement.  Opulen Capital works with their team of institutional banks and in every case, returns more cash to the policy owner than the insurance company would.  Opulen Capital is a leader in the life settlement industry, with experienced legal council and case settlement specialists that will maximize the cash settlement of your life settlement, what Opulen refers to as the “Living Benefit” of the life insurance policy.  Opulen Capital seeks to maximize this Living Benefit, that which you can spend today.  

Opulen Capital helps clients in Virginia with many types of insurance policies including:

• Whole Life Insurance Policy Settlements
• Variable Life Insurance Policy Settlements
• Universal Life Insurance Policy Settlements
• Term Life Insurance Policy Settlements
• Survivorship Universal Life Insurance Policy Settlements
• Key Man Life Insurance Policy Settlements
• Group Life Insurance Policy Settlements

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

• 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

The following are a list of towns in the state of Virginia which have a large population of senior citizens eligible for a Virginia Life Settlement:  Abingdon, Accomac, Alexandria, Annandale, Arlington, Ashland, Bedford, Blacksburg, Bristol, Burke, Chantilly, Charlottesville, Chatham, Chesapeake, Chester, Chesterfield, Christiansburg, Colonial Heights, Culpeper, Danville, Fairfax, Fairfax Station, Falls Church, Fredericksburg, Front Royal, Glen Allen, Gloucester, Great Falls, Grundy, Halifax, Hampton, Harrisonburg, Herndon, Hillsville, Hopewell, Lebanon, Leesburg, Lexington, Louisa, Luray, Lynchburg, Manassas, Marion, Martinsville, Mc Lean, McLean, Mechanicsville, Midlothian, Newport News, Norfolk, Norton, Oakton, Orange, Petersburg, Portsmouth, Pulaski, Radford, Reston, Richmond, Roanoke, Rocky Mount, Salem, Spotsylvania, Springfield, Stafford, Staunton, Sterling, Suffolk, Tazewell, Vienna, Virginia Beach, Warrenton, Waynesboro, Williamsburg, Winchester, Woodbridge, Woodstock, Wytheville and Yorktown.