Ideal Settlements is an experienced life settlement company that works with seniors and financial professionals throughout the state of South Carolina. We provide a service that maximizes our clients payouts through a competitive bidding process in the secondary markets, assuring our senior clients the highest payouts for their life insurance policies. Ideal works with a network of institutional buyers that are ready compete for the purchase of your life insurance policy. If you are a senior and have an unwanted or unaffordable life insurance policy you may be considering a life settlement. If you are currently searching for a South Carolina life settlement, begin by applying with Ideal today.
Ideal is a client centric company that always puts fiduciary responsibility of our clients ahead of our buyers. We continue to strive to offer our clients and financial professionals the best service and highest payouts for their life settlement. The South Carolina life settlement process can be complex at times. It will require a company that has experience in providing life settlements in South Carolina. Ideal will always take the necessary steps that no information is overlooked and the settlement process runs as smooth as possible. If you are evaluating a South Carolina life settlement, contact Ideal today for a free no obligation consultation.
The different life settlements available to seniors in South Carolina include:
If you are evaluating a life settlement company that handles transactions in South Carolina you should considering working with a company willing to shop your policy with multiple buyers. This always gives the policyholder the best chance of securing the maximum value for the purchase of the life insurance policy. A company should also be experienced in negotiating the highest value for the policy. We are experienced in handling life settlement transactions in South Carolina and we provide the administration of packaging the policy as well as the skill set to negotiate the highest values for our senior clients.
The qualification process for a senior life settlement in South Carolina may vary depending upon each institutional buyer:
- Age of 65 years or older is preferred
- A life expectancy of 12 years or less or be terminally ill at the time of the sale
- The face value should be at least $100,000 - no maximum
- Change in health status since the life insurance policy was issued
When evaluating life settlement companies doing business in South Carolina consider those companies willing to provide the upfront costs associated with the transaction. A life settlement company or broker should be responsible for paying all costs of ordering medical documents and life expectancy reports for their clients. They must also assume the expense of processing the application, preparing the package and sending the packet to each of their institutional buyers. Whether the company is working directly with the client or with a financial professional, they should take on the full expense of a life settlement transaction. At Ideal we take on all expenses without obligation. If for any reason you decide against a senior life settlement during or after the process is completed, you owe us nothing.
The different financial professionals throughout South Carolina that offer life settlements to their clients include:
- Tax Attorneys & Lawyers
- Financial Planners
- Financial Advisers
- Accountants and CPA's
- Life insurance Brokers and Agents
- Estate Planning Professionals
A life settlement in South Carolina is the sale of a life insurance policy for less than the face value of the policy and more than the cash surrender value of the policy. The policy is typically sold in the secondary market at a higher buyout than selling the same policy back to the carrier. A Life settlement is a way for a senior to sell their life insurance policy for sum of cash without risking lapsing the policy and owning nothing. Life settlements can be utilized by seniors that no longer need or can afford the ongoing premiums.
Some of the reasons why our senior clients choose life settlements in South Carolina include:
- Eliminates high premium payments
- Medical expenses & ongoing medical expenses
- Charity
- Policyholder has outlived the beneficiary
- Estate size has changed
- Long-term care
- Assistant living & retirement home costs
- Family members need the money
- Falling into debt or bankruptcy
- Provides money for other investment opportunity
- Payout is much higher than selling the policy back to the insurance carrier
If you are searching for a South Carolina senior life settlement, contact Ideal today. A South Carolina life settlement can provide money to seniors that have a pressing financial need. We have provided a list of areas in South Carolina that have highly populated areas of seniors: Aiken, Anderson, Bamberg, Barnwell, Beaufort, Bennettsville, Bluffton, Blythewood, Camden, Charleston, Cheraw, Chester, Clemson, Clover, Columbia, Conway, Darlington, Dillon, Easley, Edgefield, Florence, Fort Mill, Gaffney, Georgetown, Goose Creek, Greenville, Greenwood, Greer, Hampton, Hartsville, Hilton Head Island, Irmo, Johns Island, Kingstree, Lancaster, Laurens, Lexington, Loris, Manning, Marion, Moncks Corner, Mount Pleasant, Mullins, Myrtle Beach, Newberry, North Augusta, North Charleston, North Myrtle Beach, Orangeburg, Pawleys Island, Pickens, Ridgeland, Rock Hill, Seneca, Simpsonville, Spartanburg, Summerville, Sumter, Union, Walterboro, West Columbia, Winnsboro and York.
*The qualifications & requirements for a South Carolina life settlement is different than a viatical settlement.
Please Note: Life insurance companies do very little informing their clients the benefits of a life settlement. Insurance companies continue making profits year after year due to lapse polices that otherwise could have been sold in the secondary market. If a policy were to lapse the insurance company may not be obligated to pay the death benefits to the beneficiary. As regulations can change within each state, Ideal may not be able to complete a viatical or life settlement transaction in some states. Please contact us for more information. Copyright 2009 © Ideal Settlements
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