Unlock a Hidden Asset…
and get paid when you sell your life Insurance Policy.
Ms. Perkins, a 75-year old widow, had a $750,000 universal life policy. Because of recent life changes, she no longer needed the policy. She wanted to help fund her 3 grandchildren’s college tuition. She discovered that she could sell her life insurance policy.
Mr. Perkins sold her policy for $150,000
Mr. Johnson, a 74-year old male had a 20 year $500,000 Term Life Policy that was about to expire. He was going to let lapse until he discovered that he could sell his policy.
His policy was converted to a permanent universal life policy and sold for $75,000 which was used to purchase long-term care insurance coverage.
If you are 65 or older and have experienced a change in health or the need for your life insurance has gone away,your policy can be a valuable asset.
Why you may decide to sell your policy
You need funds to pay for medical expenses, long term care or simply to supplement your retirement income.
Your needs and circumstances have changed. i.e. Your children are grown, you have increased expenses, etc.
You simply have too much life insurance, however, you want to retain a portion of your policy.
Your premiums have increased, and the policy has become too expensive to maintain.
If you have any questions or concerns, please contact Joe Marullo
Joe Marullo Insurance & Retirement Services
I have partnered with Life Settlement Advisors who has over 20 years of experience in this industry.