October 29, 2007
Life Settlements - Cash Out Your Life Insurance Policy
Written by: JohnTaking a break from some of my usual topics, I decided to talk about a web project my dad is working on. I think it’s really interesting that he’s working on a web project when his idea of working on a computer is browsing Google Earth and flying a flight simulator (I still need to show my dad the flight simulator in Google Earth).
Well, my dad has started a website to help people with something called Life Settlements. I don’t understand all the details of the process, but it’s basically where you take a life insurance policy and cash it out now. Here’s an example of what my dad could possibly do with a Life Settlement
Male Age: 68 with a $100,000 policy was told by his insurance company that if he surrendered the policy they would only give him $110. After working diligently, we were able to secure $28,000 to add to his retirement. That made a huge difference.
He’s offering a free life settlement appraisal of what your life insurance policy could be worth. A pretty interesting concept when you no longer need your life insurance policy.
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