In the past, individuals had limited options when it came to disposing of their unneeded or unwanted life insurance policies. If an insurance policy was no longer necessary, an individual was forced to sell it back to the original insurer for its current surrender value, normally just a small fraction of its face value. The other alternative was to stop paying premiums and allow the policy to lapse, thereby losing all of its value.
Today, you have more options, including a Life Settlement, which is the ability to sell your policy to the highest bidding institutional investor. TRG is here to help you capture the value in your policy. With our powerful background in life insurance, we understand the complexities involved in the Life Settlement process. In addition to our full range of insurance solutions, we can help you:
- »Explore an innovative new strategy that allows institutions to bid on your life insurance policy
- »Convert unneeded or expensive life insurance policies into cash
- »Generate significant settlements to pay for current financial needs
The Benefits of Life Settlements
The Life Settlement market allows you to get cash for your life insurance policies today. This is because life insurance is now viewed as a saleable financial asset like your home or retirement account. A Life Settlement can help:
- »Provide additional flexibility in retirement and estate planning
- »Provide capital to purchase a more efficient life insurance policy
- »Offset costs of long term care and other types of elder care
- »Inject much needed cash into your business
- »Improve the quality of your life today