Life
Settlements
WHO MAY QUALIFY FOR
LIFE SETTLEMENTS?
First American Finance assists individuals in selling their policies
who are 65 years of age or older, having life policies of
$100,000 or more, that are no longer needed or desired. We will also
consider life policies from individuals living with a serious illness,
regardless of age. Purchase amounts are usually substantially more than the policy's cash surrender value.
REASONS FOR SELLING YOUR LIFE POLICY
- Are your premiums too expensive?
- Would you like to receive more than the policy surrender value?
- Could you use a cash settlement right now?
- Do you have more life insurance coverage than you need?
- Has there been a sudden change in your health condition?
- Is your life insurance policy about to lapse?
If so, we can help you get a cash settlement for your life insurance
and, at the same time, eliminate your expensive monthly premiums.
TYPES OF LIFE INSURANCE THAT QUALIFY FOR
LIFE SETTLEMENTS
- Whole Life
- Universal Life
- Variable Life
- Term Life
- Joint Survivorship
- Group Life
Here are some examples of individuals that have benefited from the sale
of their life policies.
Life Settlements Case History 1
Client:
87-year-old
male & 82 year old female.
Result: $2,300,000 second to die policy, minimal cash value. The
policy was no longer required. Insured utilized a life settlement and
received $300,000.00.
Life Settlements Case History 2
Client:
70-year-old male with health complications.
Result:
$1,000,000.00 policy with small cash value. Insured utilized a life
settlement and received $300,000.00.
Life Settlements Case
History 3
Client:
73-year-old male with health issues.
Result: $500,000.00 policy. Insured sold the policy for
$105,000.00.
Life Settlements Case
History 4
Client:
81-year-old male in relatively good health.
Result: $1,600,000.00 policy with an annual premium of
$76,000.00. Insured utilized a life settlement and received $202,800.00.
Life Settlements Case
History 5
Client:
78-year-old female in relatively good health.
Result: $1,000,000.00 policy with an annual premium of
$64,000.00. Insured utilized a life settlement and received $160,000.00.
Life Settlements Case History 6
Client:
89-year-old female
Result:
$2,000,000.00 policy with an annual premium of $110,000.00. Policy expires
at age 95. Insured utilized a life settlement and received $325,000.00.
Not every
applicant qualifies for life settlements, however we have had tremendous success in securing
offers for individuals who originally thought they would not. If you
have questions or if you would like a free, no obligation, analysis please
submit our easy online quote request form and one of our qualified
representatives will contact you for a free consultation.
