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Life Insurance Settlements
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The Chaplaincy is pleased to offer our all who read this and their friends who own
life insurance policies the opportunity to unlock the cash potential of those life
insurance policies for donations and other purposes. Individuals, who may be considering
letting policies lapse, may find a new source of funds in Life Settlements.
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What is a Life Settlement? A life settlement is the sale of a life
insurance policy by a senior who is 65 years of age or older. The selling price
is an amount greater than the cash surrender value but less than the death benefit.
The proceeds of the sale are unrestricted and can be used for any purpose. Seniors
have the opportunity to obtain a cash settlement from an otherwise dormant asset.
The average settlement is approximately three times the cash surrender value of
the policy. It is a much more sensible option than letting the policy lapse or accepting
less money than it is worth. Seniors finally have an exit strategy from poorly performing
and/or unneeded, unwanted life insurance policies.
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When should one pursue a Life Settlement? A few of the reasons
a Life Settlement may benefit you individually and as a donor:
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You are struggling to pay premiums on life insurance policies.
Your policy is at risk of lapsing or being surrendered to the insurance company.
You have an interest in providing a financial contribution that can be applied immediately
to the needs of our organization during your lifetime.
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Although the process of a life settlement is a simple one, we have enlisted help
to assist you with potential life settlements. Life Partners, Inc. of Waco, Texas
is our preferred provider of life settlements to all who read this and their freinds.
Life Partners, Inc. is a wholly owned subsidiary of Life Partners Holding, Inc (LPHI),
a publicly traded company. LPHI is the oldest and one of the largest life settlement
companies in the world. It is also the only publicly held life settlement company
in the world.
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For more information on Life Settlements and Charitable Giving, please contact the
office of Life Partners, Inc. at 1-800-368-5569
and ask for extension 2079. You may
also contact the company by making an email inquiry to
abuban@lifepartnersinc.com.
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