Many people sell life insurance, when they reached retirement age or if you have paid all their bills. Sales is to keep several advantages over politics - is exempt from payment of the prize that corresponds to the needs of your family and gives you access to a large sum of money that lasts for weeks, will be given to a bank loan. But there are things more important to know if you plan to cash in.
For example, not all policyholders are entitled to sell lifeInsurance policies. In most cases, the settlements of living only for people aged 65 years, are expected to live the next 20 years like this. There is usually also a minimum value, the range of $ 100,000 and 250,000 $ Can.
There are also doubts about the safety of the sale of insurance. As with other settlements, there is always the risk of investment and insurance fraud. Therefore, it is important to know how a solution, and what to watch out for when you're selling life insurancePolitics.
People sell life insurance to third parties, which usually is an investment company. The buyer determines the cost of the policy on two factors: its face value, and the health of the insured. This is because a healthy policyholders can probably live for a long period to generate greater profits for the buyer.
Investors pay only a part of the face of the policy of value for the risk they assume when you buy the policy to compensate. They arepay all future premiums and receive all the benefits after the death of the holder dies. Once you sell life insurance policy, the company could occur from time to time, or a lawyer or another third party to keep in touch with you.
There is another type of a Viatical settlement. This applies to policyholders who are terminally ill, as life settlements, compared to when the health of the owner has just fallen. You are worth more than life settlementsbecause there is a degree of certainty at the time of death of the contractor, which makes it less risky. You can sell life insurance policy in a sale Viatical up to 80% of its value as a place of simple living that you can get only 20%.
Life settlements are also some risks for the insured. If you make a solution of life, and health problems exist, it may not be able to obtain insurance cover for the future. People selling life insurancePolitics also waive it, the insurance payments to beneficiaries. Most insurance companies recommend that you explore all the options before the sale.
Also note investment restrictions on commonly practiced by a firm without a license. If you do not have a broker, to obtain prices from a number of companies before selling life insurance. Two of the most common scams are:
"Cleansheeting" - people can buy life insurance, the onlyThe purpose of the sale to the investor. Often the investor is in any case, the medical report so as to appear more healthy, economically viable on paper, and politics.
Wet paper "- Some companies require investment elderly buy life insurance, then sell them back after a few weeks.
Life settlements are a good way to your advantage in life insurance. Why are the premiums paid, if you can use the money? As long as you are working with experts, the sale of your lifeInsurance can help you enjoy your investment, while it is still possible.
No comments:
Post a Comment