Freedom Financial Solutions will purchase your life insurance policy for cash. Thanks to the strength of our banking relationships, we have access to the lowest interest rates currently available. As a result, we are proud to offer our customers the HIGHEST PAYOUTS in the industry.

WHAT IS A LIFE SETTLEMENT?

A “life settlement” is the sale of an existing life insurance policy for more than its cash surrender value but less than its net death benefit. Essentially, it’s the buyout of a life insurance policy for its built-up value. The amount of money which can be raised by the sale of a life insurance policy is determined by a number of factors, including, but not limited to, the age and medical condition of the insured, the type of insurance policy, the rating of the issuing insurance company and the amount of premium payments required to keep the life insurance policy in force. Most types of life insurance policies can qualify; however, the most common are Universal Life, Whole Life, and convertible Term Life. The proceeds are tax-free up to the amount you have paid in premiums during the life of the policy. Whether or not and how the balance of the proceeds will be taxed depends on your specific situation. Please consult your tax advisor for additional information.

WHY WOULD I SELL MY LIFE INSURANCE POLICY?

Some of the reasons why one might consider selling a life insurance policy include:

• The policy is no longer needed or wanted
• To pay for healthcare costs
• Premium payments have become unaffordable
• Considering lapse or surrender of the policy
• Change in estate planning needs

After the sale of the life insurance policy, all rights and obligations of the policy are transferred to the new owner. You will no longer be responsible for making premium payments on the policy and the new owner assumes all responsibility for future premium payments. The new owner will name a new beneficiary of the policy who will collect the proceeds upon the insured’s passing.

Life Settlement transactions are strictly governed by each individual state’s laws and usually takes approximately 4 – 6 weeks to complete. For more information regarding this valuable estate planning tool and to obtain cash today, call Freedom Financial Solutions today!