Universal Life Insurance Settlement

If you are currently searching for a life settlement against a Universal Life (UL) insurance policy, begin by contacting Ideal Settlements today. Many seniors today are living on fixed incomes and finding it much harder to manage their ongoing medical and living expenses. While prices continue to rise and investments continue to stumble seniors are forced to make tough decisions. At Ideal Settlements we understand while some seniors are in the financial position to continue paying premiums on their universal life polices, others are not so fortunate. Ideal Settlements' gives seniors an alternative option to a lapse policy or selling the policy back to the insurance carrier for less than what it's worth in the secondary market.

Universal Life is a type of permanent life insurance policy that is based on a cash value. Universal life insurance was introduced in the early 1980's as a more flexible version to Whole Life Insurance. Universal life Insurance is an interest rate sensitive life insurance that has become increasingly popular since the inception of these policies. The premiums collected from insurance companies are oftentimes invested into mortgages, bonds and money market funds. Because a Universal life insurance policy is flexible it can be easily tailored to the financial and insurance needs to each policyholder.

Universal Life Settlements

If a policyholder makes payments that are too small over a set period of time, the policy could lapse. This would leave the policyholder without insurance protection. Another underlying factor when considering a life settlement is the risk of down markets. If the insurance company invests the premiums poorly, the return on interest on the cash portion of the policy will decrease. A policyholder may elect to sell their policy back to the insurance company at the current cash value of the policy based upon the underwriting of the company. By securing a life settlement against a universal life insurance policy the policy holder could receive much more than what the insurance company is offering. Universal life settlements are in high demand in the secondary markets. Large investment institutions have the financial resources to provide a much higher strike value for your policy.

Supply & Demand

There is a high demand for universal life insurance policies. Ideal works with a network of large institutional buyers that provide top dollar for our clients polices. When negotiating with our lenders we will leverage your application because we know the demand for universal life policies far outweighs the supply within the industry. Life settlements have become a very profitable financial investment tool for large hedge funds, high profile investors, banks and other financial funds. Financial institutions are now paying double and sometimes over triple the amount an insurance company can provide for the same policy.

Commitment to our Clients

Whether you are a policyholder, family member or financial professional, if you are searching for a life settlement company that can provide life settlements against universal life insurance policies, begin by contacting Ideal today. Ideal is committed to the needs of each client. We have gained the reputation within the marketplace because we put our client’s financial needs ahead of our own. We will work with each client, family member, and financial professional or respected representative throughout the life settlement process. Our ability to get our clients higher payouts while providing client centric services is why more people are choosing Ideal to handle their life settlement transaction.

Basic Qualifications

• The Universal life insurance policy face value should be over $100,000
• The policyholder should have a life expectancy of 12 years or less.
• Change in health condition since the policy was issued
• Policyholder should be 65 years or older
• If you are applying for a viatical settlement you qualification will differ

• Ideal will determine the life expectancy when we obtain the medical records of the insured. Once we review it, two independent third parties determine the life expectancy of the insured.
• Ideal will pay all costs associated with life expectancy reports and ordering of medical documents.
• Ideal will pay all costs associated with processing, ordering and sending out applications to our financial lenders.
• There are typically variances in the estimated life expectancy and this can lead to different offers from different funding sources. We not only provide the administrative duties for each client but our greatest asset is negotiating a higher cash amount on behalf of our clients.