Over 80% of life insurance policies do not result in a claim. Find out how a life settlement can help unlock hidden value from unwanted policies.

What is a life settlement? A life settlement is the sale of an existing life insurance policy for an amount greater than the carrier would provide the policy owner should they terminate their coverage.

Why would I sell my life insurance?

· Premiums are no longer affordable

· Policy is no longer needed

· There is a need to create liquidity to cover unforeseen expenses

· Supplement retirement income

· A business is sold or key employee has retired

Who qualifies for a life settlement?

· Senior individuals age 65 and above

· Has experienced a decline in health since the coverage was originated

· Policies $100k or greater

What can I expect to receive? Proceeds of a life settlement are highly case specific and are based on a number of factors which include:

· Annual cost to maintain the policy

· Client’s age and health

· Type of policy

Is this legal?

· In 1911, the US Supreme Court ruled in the Grigsby v. Russell decision that life insurance, much life other private property, can be sold.

· Life settlements transactions are currently regulated in 42, by the individual state’s insurance department

Please feel free to contact Long Lake Planning to determine how a life settlement can help maximize the value of your life insurance.