Settlement Benefits Association primarily works with life insurance policy owners with a face value of $100,000 or greater. Some of the most common reasons people come to us for assistance include:
Changing life circumstances
Perhaps you simply do not need or want the life insurance policy you took out years ago. In this case, you can exchange premium costs for a lump sum of cash you can use right now. It might be time to appraise your policy and consider your options. Retirement, divorce, the death of a spouse, even the sale of a business can create new needs.
Expensive life insurance premiums
As you get older, many life insurance products get more expensive. Additionally, many carriers have recently raised their cost of insurance formulas, making policies cost more. Many policy have underperformed initial projections. When the premiums become unaffordable or just unattractive, selling a life insurance policy could be a better outcome.
Medical bills
Changing health circumstances can have tremendous financial implications and create financial toxicity. Even with careful planning, a high-cost treatment or accident can throw anyone’s finances off schedule. Sometimes trading in your life insurance for a settlement is the best way to pay medical bills or medical debt.
Retirement funding
Saving for retirement can be a challenge. Most people do not know how much they need until they retire. A Life Settlement can solve dwindling funds, allowing you to do more of what you want.
Whatever your reason, Settlement Benefits Association will work with you to get a cash settlement delivered in as little as 2-6 weeks. Learn more about whether you are eligible for a Life Settlement or Viatical Settlement and how you can prepare for the next stage in your life with new funds. We even offer instant valuations with our Visual Valuator.