Sell My Whole Life Policy
According to the US Senate, life settlements (when you sell your life insurance policy to a third party), on average, typically brings in about 8x more than the cash surrender value offered by the insurance companies.*
Have you ever wondered, “Should I sell my whole life insurance policy for cash?” Simply put, if your whole life policy is unneeded, unwanted, or unaffordable, then a life settlement is likely a favorable financial option.
No matter what the reason, if you are considering letting your policy go, you may be able to get a large lump sum of cash through a process called a life insurance settlement. This process occurs when you allow a life settlement broker to actively solicit offers on your behalf, if favorable, you accept an offer to sell your whole life insurance policy and are no longer responsible for the policy premiums. eLifeSettlement has access to over 30 institutional funders, banks, hedge funds, and investors, who purchase whole life policies.
Should you move forward and decide that you would like to sell your whole life policy, you should choose a life settlement broker that has a fantastic record with the Better Business Bureau. eLifeSettlement strives to maintain our flawless record with the BBB.
eLifeSettlement believes in 100% transparency, 100% compliance, and 100% disclosure. To aid our efforts, we offer all of our clients access to our life settlement tracking platform. This allows our clients and their advisors (if you choose) to track every single stage of the life settlement progress, online, 24/7. Our advanced technology, allows us to also process life settlements in an efficient manner, cutting weeks out of the typical life settlement sales cycle. This, paired with our flawless BBB record, should be a clear indication that we are a leading life settlement brokerage firm.
Additionally, make sure that the company offers free policy appraisals, we can offer our clients an instant policy appraisal at no cost. eLifeSettlement works for our clients not the buyers, the larger offer we obtain for you, the higher the chance you will accept the offer, and we will only then, earn money. The third party financial institution, hedge fund, or bank that purchases the policy pays us a small percentage of the offer. Similar to a lawyer, we are only paid if we are successful and you accept an offer. This is why it is in our best interest to be aggressive on your behalf. If someone asks you, “Should I sell my whole life policy?”, you will know where to turn.
*Source: GAO – Report to the Special Committee on Aging, U.S. Senate July 2010