What can Life Settlements USA do for me?

What is a Life Settlement?

Q?

What is a Medicaid Life Settlement?

A.

Texas adopted a Life Settlement Legislation in the form of House Bill 2383. The Bi-Partisan Legislation passed by a margin of 134-5 in the house and 25-6 in the Senate. The measure was signed by the governor on May 27, 2013.

New legislation allows for money received from a life settlement to not adversely affect consumers’ eligibility to receive Medicaid assistance. There are specific requirements to be met, please contact me for a complimentary consultation.

Q?

Are life settlements regulated?

A.

Yes, 40 states have regulations, which vary by state.  In those states where life settlements are not regulated, members of the life settlement industry are working with state legislators to enact such regulation. Texas is regulated.

Q?

What if my policy is too big, does it all have to be sold?

A.

NO. Working with Norma Lee Valle, the policy owner decides what parts to keep or sell.

Q?

What if the insured dies shortly after selling his or her policy?

A.

If the insured dies at any time up to the 15th day after receiving the cash settlement, the contract will automatically cancel (unless otherwise stated). The provider will pay the original policy owner or beneficiaries any proceeds it receives from the policy (minus any money the provider paid for the purchase of the policy and any life insurance premiums paid to the insurance company to keep the policy in-force).

Q?

How much will I be paid for my policy?

A.

The amount to be paid to the owner of the policy depends upon a number of factors, including:

  • Face value of the policy
  • Amount of premiums that will have to be paid to keep the policy in force
  • Cash surrender value of the policy
  • Loans against the policy
  • Type of policy
  • Rating of the insurance carrier

It is best to contact me for a complimentary consultation; I will provide you with the best options. Call for a no obligation pre-screening at 855-350-5900 or see my Senior Life Form.

Q?

Why would I consider a Life Settlement?

A.

There are many reasons people consider doing a Life Settlement.  Policy premiums are too high. The policy is no longer needed. The beneficiary is deceased.  Cash from a life settlement would improve your standard of living. The policyholder owns multiple policies. You want to get a better policy.  You need money for medical expenses.  You want to donate to charity.  A reduced estate value eliminates the need for a life insurance policy originally purchased for tax liability. A “key man” policy that is no longer necessary.  A charity wishes to liquidate a policy donation.

Q?

What is a Life Settlement?

A.

A Life Settlement is an option for an unneeded or underperforming life insurance policy.  All Life Insurance policies qualify:  term life, universal life, whole life, joint survivorship, most group life, and key-man or corporate owned.

Q?

What can Life Settlements USA do for me?

A.

I will represent YOU and explore all alternatives, rather than allowing the coverage to lapse or having to surrender your life insurance policy.  I can SELL YOUR policy into the secondary market to the highest bidder.  I will take care of everything for you.  Call for a no obligation pre-screening at 855-350-5900.