Variable Life Insurance Settlement

If you are evaluating a life settlement for a variable life insurance policy, begin by applying online with Ideal today. At Ideal Settlements we understand that some seniors are forced into making tough decisions regarding their finances. Seniors that are currently paying premiums on an unwanted or unaffordable variable life insurance policies may consider a lapse in the policy or possibly selling it back to the insurance carrier to relieve themselves. Selling the policy back to the carrier would be a better option than lapsing the policy; however a more viable option would be securing a life settlement. A life settlement can provide a significantly larger payout than selling the variable life policy back to the insurance company.

Variable Life Settlements

Also referred to as variable universal life insurance (VUL), each policy provides protection to the beneficiary upon death. This type of policy builds a cash value over a period time as it allows the flexibility of allocating portions of the premium into separate accounts comprised of various investment tools. These investment vehicles may include bonds, money market funds, equity funds and stocks. Variable life insurance policies assume some risk. If the stocks or bonds perform poorly, there is less money available to pay the premiums of the policy. For some people that can no longer afford to pay the premiums of the policy they may risk a lapse in the policy ultimately losing coverage. A senior that no longer can afford to pay premiums on a variable universal life insurance policy may be able to sell the policy back to the carrier or in the secondary markets.   

Ideal Settlements Advantage

Ideal settlements is a leading life settlement company that provides policyholders with more options. Ideal works with a network of over 50 funding institutions that are ready to compete for your business. The advantages of working with Ideal Settlements is our ability to provide the upfront costs of ordering medical records, life expectancy reports and processing the documentation in a professional and meticulous manner. Along with the administrative processes that goes into a life settlement application, Ideal will negotiate with our funding sources the highest possible strike value for the policy. We never take for granted our fiduciary responsibility to each senior client.

It is important when searching for a company that purchases variable life polices you‘re working with a partner that puts your interests ahead of their own. Ideal Settlements has the reputation of being one of the most client centric companies within the life settlement industry. we are committed to providing exceptional customer support throughout the funding process.

Partner with Ideal

Ideal can work directly with policyholders, family members, beneficiaries or financial professionals. We have experience in working with a variety of different representatives who share the same common goal of maximizing the payout to the policyholder. Some of the different types of financial professionals we can work with include but not limited to:

• Attorneys
• Financial Planners
• Financial Advisers
• Accountants & CPA's
• Life insurance Brokers & Agents
• Estate Planners
• Other Financial Professionals representing seniors

• Policy Face Value should be $100,000 or over - no maximum face value
• Policyholder should be 65 years of age or older
• Change of health since the policy was issued
• Preferred the life expectancy of is 12 years or less