Life Insurance Settlement / Viaticals / Life Settlements
Senior Settlements & Viatical Settlements - Getting CASH For Your Life Insurance Policy
FREE Appraisal | Frequently Asked Questions
Did You Know? Even term life insurance policies that insurance companies tell you have ZERO CASH VALUE may, in fact, have significant CASH VALUE in the secondary market?
A Life Settlement (also called a Senior Settlement) is a financial transaction in which a life insurance policy owner with an unneeded, unwanted or unaffordable life insurance policy sells the policy thru a life settlement broker to a third party for more than the cash value offered by the insurance company. The policy holder receives a large lump sum of cash at closing and the purchaser becomes the new beneficiary of the policy and is responsible for all subsequent premiums.
A life settlement is not to be confused with a structured settlement.They are totally different.
Viaticals (also called a viatical settlement) is a financial transaction in which a third party buys life insurance policies for cash from the terminally ill at less than their face value. Viatical settlements allow people who are terminally ill to access and use the money from their life insurance policies while they are still able to enjoy it.
The money you receivecan be used to:
- Travel the country or world with spouse, family or friends
- Do the things you've always wanted to do but could never afford to do
- Spend quality time with the ones you love the most
- Take that dream vacation while you can still enjoy it
- Give gifts to your children or grandchildren
- Help someone start a business
- Donate to your church or your favorite charity
- Create lasting memories for your loved ones to cherish
- Pay off lingering debts
- "Live a little" or do anything else YOU choose
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Senior settlements and viatical settlements are important developments because they have opened a secondary market in which policy owners can receive fair market value for their policies, rather than having no choice but to accept the lower cash surrender value from the issuing insurance company or simply forfeiting their benefits by allowing their policies to lapse.
Helping You Convert Your Life Insurance Policy Into Cash
If you need cash — for any reason — your life insurance policy may be an important asset you can tap quickly. TCF can also facilitate the purchase of viaticals, commonly known as a "viatical settlement". Selling an insurance policy or viatical settlement is viable, alternative means of accessing the cash value locked up in a burdensome or obsolete life insurance policy, often well in excess of it's surrender value.
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Get Top Dollar For Your Policy
To ensure that you get top dollar for your policy, let the experience, reputation and know-how of TriMark Capital Funding, Inc. represent you secondary marketplace.
FREE Life Insurance Policy Appraisal
Find out today’s cash payout value of your life insurance policy. The secondary market cash value is often significantly higher than the surrender value offered by insurance companies.
Get a no-cost, non-binding FREE APPRAISAL of your life insurance policy by clicking here or call us toll-free 1-877-932-2628
Success Stories
Here is a sampling of success stories from our funding sources*:
| Scenario: 88 year old male & 84 year old female in good health. $2.1 million joint survivorship policy - no cash value. Couldn't afford premiums - policy was going to lapse.
Result: Insured received $600,000 |
Scenario: 72 year old male with health complications. Held $1 million universal life insurance policy. Insurance company told him it had only a small cash value.
Result: Insured received $180,000 |
| Scenario: 83 year old female in poor health. Had a $4 million policy with annual premium of $168K that she could no longer afford.
Result: Insured received $1.36 million |
Scenario: 84 year old female in fair health. Had $750K policy that insurance company said had a surrender value of only $2,000.
Result: Insured received $140,000 |
How Do I Sell My Life Insurance Policy For Cash?
TCF is affiliated with private and institutional funding sources worldwide and we assist individual life insurance policy holders (and financial professionals assisting their private clients) wishing to sell life insurance settlements in this multibillion-dollar marketplace.
Your life insurance policy may have a cash value that far exceeds what your insurance company says your policy’s surrender value is worth today. To find out the true, fair market cash value of your policy, call us toll-free at 1-877-932-2628, or get a no-cost, non-binding FREE APPRAISAL of your life insurance policy by clicking here.
Minimum restrictions apply, including a minimum policy amount of $50,000. We will consider any life policy when the insured is living with a serious illness, regardless of age. Medical records may be needed to complete the application process. It will speed up the process to have your policy in hand when you call.
* Examples are based on actual cases submitted to our funding sources and are solely intended to demonstrate the potential benefits of this type of transaction.
These examples should not be used as an indicator of the purchase price any funder will pay for a specific life insurance policy. To obtain pricing information for a specific insurance policy, please request a free appraisal.
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Helpful information and resources ...
AARP - The Power To Make It Better
TheAA.com
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