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...t and complete a General Purpose Impaired Risk Questionnaire (or any of the sp...lity to analyze your most challenging risks and negotiate as aggressively as p...

What is an Impaired Risk? When you paint it with a broa... know would be a good candidate for Impaired Risk Life Insurance and want them to be ...

...s like imminent danger of BI/PD, impaired property, or actual BI/PD from produ...expertise to help you place qualified risks efficiently. Need help placing a...

... cash and the desire to find a low-risk way to protect and guarantee a healthy...

A Life Settlement is a financial transaction in which the owner of a life insurance policy sells an unneeded policy to a third party for more than its cash value and less than its face value. Until recently, if a policyowner opted out of a policy by surrendering the policy or allowing it to lapse, the additional value was relinquished back to the issuing life insurance company. In some cases, an insured’s health may have declined since the policy was issued and the policy may be worth considerably more than the surrender value Financially prudent people measure the value of their non-liquid assets on a regular basis. Real estate holdings, jewelry, fine art - these all fluctuate in market value as times and conditions change, and prudent individuals have these assets appraised from time to time so that they can plan effectively for their futures. Whether to appraise a particular asset depends in part on whether a market for that asset exists. In the case of life insurance, there has not always been a market for policies. For many years, an insurance policy’s value consisted only of its surrender cash value. However, buyers in the life settlement market can and will pay not only the cash surrender value but also for the value in the option to continue the insurance policy, itself. For any individual whose health has eroded, a policy issued at standard or preferred rates is likely to be worth far more than it's cash surrender value. Over 20% of all insureds, aged 65 or older, fall into this category. An appraisal by a firm, such as Coventry Financial, of such an individual's life insurance policies is in order whenever a decision regarding either an increase or decrease in existing coverage is being considered or simply as part of a routine periodic assessment of the individual's wealth. A life settlement is an alternative to this surrender or lapse of a policy, or when the owner of a life insurance policy no longer needs or wants the policy, the policy is underperforming or can no longer afford to pay the premiums. It gives policy owners the ability to access the value by selling their existing life insurance policies and receiving a cash settlement in excess of the cash surrender value (if any)

...ortion of the “net amount at risk” (difference between the death b... The portion of the net amount at risk that can be advanced depends on the...

Guaranteed Issue Life Insurance Guaranteed issue life insurance (or Guaranteed Issue Whole Life) requires no physical examination or lab work. Generally, being able to answer "no" to a few simple questions will qualify someone for guaranteed issue life insurance. Death benefit amounts ranging from $2,000 to $25,000 are available with issue ages being between 50-80 in most states. Guaranteed issue life insurance provides a graded benefit. That is, the full death benefit amount of the policy will be paid to the beneficiary after a specified period of time from the issue date of the policy. If death occurs prior to the end of that period of time (usually two or three years ), the beneficiary receives a return of paid premiums plus interest. Once that period of time has passed, the full death benefit amount is paid to the beneficiary upon the death of the insured Guaranteed issue life insurance policies all build guaranteed cash values within the plans. Guaranteed life insurance may be sold per unit. In such case, a single unit corresponds to a certain amount of death benefit. Just how much coverage a single unit provides depends on the age of the applicant at the time the policy goes into force. Each unit may be very cheap, but a lot of units may be required to build up a significant death benefit.

Dean Normal Dean 2 1 2011-09-07T18:30:00Z 2011-09-07T18:30:00Z 1 407 2321 DAI 19 4 2850 9.3821 Final Expense Insurance Often referred to, as burial expense insurance or senior life insurance is an ideal investment for the aging population. If you are getting into the later years of your life and you are worried about providing enough financial protection for your family at the time of your death, this type of life insurance policy may be a tool to use. Although there are many forms of life insurance today, this particular type offers several key benefits you cannot find otherwise. Plus, it can be one of the most affordable insurance policies available to you. Final Expense Insurance Is Affordable The goal in purchasing this form of life insurance is that the people you list as beneficiaries of the policy will use the proceeds from a death benefit to pay for your burial, final medical costs and funeral costs. It is not a policy that has a design to provide your family with thousands and thousands of dollars to live off. This is why it is so important for those that are older. Seniors will benefit from these policies because of the lower face value of them. They are just enough to pay immediate costs. With this reduced face value comes an additional benefit that most seniors will appreciate. That is a lower cost. Most policies require much smaller premiums, which means that you can make affordable monthly payments to obtain and keep this insurance. This is considerably different form larger, traditional life insurance policies where the premiums are expensive. Seniors Protect Loved Ones As you both age, it can be a common thought to wonder what will happen to your spouse if you should die before they do. Will they have the money to bury you and provide for a proper funeral? Will you have the ability to provide this to them? Final Expense Life Insurance can help you to cover those costs. This is an ideal reason to purchase these affordable policies. Here are some important facts about this type of life insurance: 1. This type of insurance is affordable so even those on strict limited budgets may be able to afford it. 2. The policy pays out the death benefit within 24 hours (in most cases) of your death. There is no longer waiting period. 3. There is no requirement of a medical exam to obtain burial expense insurance. You may not be in perfect health and you will still qualify for this type of insurance protection. 4. The policy is available in a variety of face values so you can select the amount of coverage you need. 5. You can (and should) protect your family from financial difficulty by obtaining this type of policy. For the average American senior citizen, having any form of life insurance is important. Final Expense Life Insurance is a unique policy in how it is structured. It may just be an ideal choice for you and your loved ones.