Senior Life Settlements
A Senior Life Settlement or simply Life Settlement involves the sale of an existing life insurance policy in which the funds generated are greater than the policy's cash surrender value. Senior Life Settlements are often attractive when your original financial planning needs have changed and paying the continued insurance premiums are burdensome.
If you are the owner
of a significant insurance policy and rather than a death
benefit, would prefer a lump sum of cash, we can help.
Your cash settlement can be used for...
- Attractive new business opportunities
- Purchasing a new vehicle
- Purchase of a new home or updating an existing residence
- Estate planning and distributions
- Dream vacations and exotic travel
- Unforeseen medical expenses
- Legal settlements and matters
- Assisting children or grandchildren with educational needs and expenses
Our Policy Purchasing Parameters
The following are our standard policy purchasing parameters...
- Your actual life expectancy must be 3-10 without a current life threatening illness
- You must be at least 65 years of age
- You life policy must have a minimum face value of $250,000
- You policy must be one of the following types issued by an "A"
rated U.S-based carrier
- whole life
- universal life
- variable universal life
- term
- convertible term
Request a No-Obligation Confidential Proposal
You can receive a "no obligation" confidential proposal on your senior life policy from Payment Stream Purchase USA by simply completing our online form and submitting it to our underwriters. A representative will contact you within 48 hours to begin processing your request.