• When you are 56 years of age or older
• When a policy is lapsing or being surrendered
• When there is no longer a need for the security that the policy provides
• When Premiums have become unaffordable
• When Funds are needed to pay for long-term care or health care costs
• When Financial hardships are present
• When there is a need for new life insurance, annuities or long-term care
• When the insured has outlived his or her beneficiaries
• When there is a change in the health status of the insured

Life Settlements

A life settlement may make sense for you if you no longer need or want your current policy, or if you no longer can afford the expense of paying insurance premiums and are willing to give up or replace coverage.

You may also be eligible for accelerated death benefits, which allow an individual with a long-term, catastrophic or terminal illness to receive benefits from a life insurance policy while alive.

Potential Benefits for a Life Settlement:

• Fund new, more cost-effective life insurance like a survivorship policy
• Provide cash gifts to family members
• Provide funds for charitable giving or to establish a charitable remainder trust
• Removing a policy from an estate due to a reduction in size or projected tax liability
• Receive an amount well above the surrender cash value of the policy
  
  

Call Wealth Assurance today for more information! 800.670.5201