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Wednesday, June 07, 2006 

Life Settlement: Receive the Highest Payment

A life settlement also known as a life insurance settlement, senior life settlement, or a senior settlement is quickly becoming a beneficial option for senior citizens across the nation. Life settlements allows senior to cash in their life insurance, but in a new way. Instead of cashing in their policy with the original life insurance company, they can work with a life settlement broker to cash in their policy with a financial institution that will pay more than their insurance company’s surrender value.

Seniors nationwide are quickly learning that surrendering their life insurance policy to their insurance company will not always reward them with the highest payment. Many insurance companies offer a low cash value and some policies don’t have cash value at all. Life Settlement brokers and companies have the ability to do a brief analysis to determine if the settlement will be greater than the cash value. Life Settlements also do not require any obligation, costs, medical exams, or hassles. Seniors can find out the true value of their policy through a Life Settlement and do not have commit to selling the policy.

The life settlement broker will take a basic application and then find out the value of the policy, if the life settlement amount is not what the senior expected or is too low, the senior does not have to move forward. There is no risk involved for the senior. Another key benefit for seniors and financial professionals utilizing a life settlement broker is the financial resources. A broker will use a handful of financial institutions and investors to find the highest payment for the policyholder. Brokers will also use the power of negotiations to the net policyholder a higher payment.

A life settlement can be a wonderful financial planning tool. It is however important to take the correct steps to receiving the highest settlement payout. The process can be completed quickly once the initial analysis has been completed on the policy and the policyholder.

Insurance agents, accountants, and financial professionals can also work with a life settlement broker to assist their clients with the process. A financial professional not offering a settlement option to a policy holder who is going to lapse or surrender their policy is not following their fiduciary duties.

Grant Shellhammer is located in sunny Orlando, FL. He is a licensed insurance agent and affliate Life Settlement Broker with Life Settlement Pro. Grant works with senior citizens and financial professionals nationwide to receive the highest available offers for their life insurance policies.

Contact details:

What is a structured settlement? How can you sell your structured settlement? What should you avoid when selling a structured settlement?

http://www.72q.com contains articles and information to answer your questions about structured settlements.

Do you need immediate cash for your structured settlement or annunity?

If the answer is yes then visit http://www.72q.com for information and articles on structured settlements, how to cash out your structured settlements and tips on the best methods to receive maximun cash for your structured settlement.

Does your injury prevent you from working but the structured settlement you received for the injury not meet your current cash needs?

Should you sell your structured settlement to raise immediate cash or should you keep it for long term income?

Who buys structured settlements?

How can you calculate the cash value of your structured settlement?

http://www.72q.com contains information and articles to answer all your questions concerning structured settlements.

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Thanks for the post! I was looking for this kind of information from a long time.A life insurance policy is a long term contract between you and the policy holder.So we must be careful about our investment and if we talk about Life Settlement Services .It is the sale of a person’s life insurance policy to a third-party investor.Candidates for life settlements are typically 70 or older.

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