|Life Insurance Benefits for
the Living Insured TM
Life Insurance Settlements
? The Secondary Market for Life Insurance
The Life Insurance Settlement Industry exists because
it provides a unique financial service to policyholders in need.
Simply put, Life Insurance Settlements allow policyholders to use
their life insurance policy as a liquid financial asset. It involves
the sale or transference of an existing life insurance policy in
exchange for compensation, monetary or otherwise. It is an invaluable
service for those in need of financial assistance or a timely alternative
for senior individuals re-evaluating their estate planning.
The amount provided in a Life Insurance Settlement
reflects the discounted future value of your life insurance proceeds.
There are several important factors in the computation of a present
value amount. These factors include the expected amount of time
for collecting the life insurance proceeds as reflected in the insured's
life expectancy estimate, the annual cost of maintaining premium
payments and a discount rate.
A practical discussion on Life Insurance Settlements
Because of State regulations protecting policyholders,
the Life Insurance Settlement Industry is divided according to the
age and the health condition of the insured. A Viatical Settlement
is provided for terminally ill individuals with a life expectancy
of five years or less. A Senior Settlement (also referred to as
a Life Settlement) is designed for individuals age 65 and above
who have a shortened life expectancy but are not terminal.
(For more information about Senior Settlements visit
The Reality of the Life Insurance Settlement
Today, the industry continues to attract new players
as other unsuccessful ones leave the marketplace. There are numerous
companies that claim to be self-funded but are not. There are also
many who claim they only work with
Senior Settlements and not
Settlements. However, a company licensed as both a Viatical and
a Senior Settlement (Life Settlement) entity has access to additional
sources of funds paying higher percentages to the insured.
Another important point is that some companies do
not possess the systems and experience to properly underwrite a
life insurance policy for a life insurance settlement. This creates
unnecessary problems and delays. Additionally, many companies may
attempt to transact in states that they are not duly licensed, creating
the potential for problems after the transaction.
The best way to maximize your settlement amount in
the most time efficient way is to work with a proven licensed Viatical
and Senior Settlement firm. Since 1992
Individual Benefits has assisted
over a thousand individuals in selling their life insurance policy.
Individual Benefits has an impeccable record with Regulatory Agencies
because we are consumer-oriented. Our success in this ever changing
industry is due to our dedication to treat our customers the way
we want to be treated ourselves.
Individual Benefits, Inc. recognizes that privacy is very important
to our internet clients. Please be assured that any information
you submit to us will be held in the strictest confidence. We do
not sell or otherwise release any information regarding our clients
to any non-related third parties. Our application authorizations
are compliant with the 1996 HIPPA laws.