Whole Life Insurance Settlement

If you are currently searching for a life settlement or viatical settlement against a whole life insurance policy, Ideal Settlements can help. Ideal Settlements is a leading online life settlement company that has access to over 50 financial institutions and investors that purchase whole life insurance policies. Ideal Settlements works directly with policy holders, insurance agents & brokers, estate planners, tax attorneys’, financial planners & advisers and family members. If you are evaluating the sale of a whole life insurance policy, contact Ideal Settlements today.

Whole life insurance is oftentimes referred to as permanent life insurance. A whole life policy offers you a guaranteed benefit at the time of purchase. The benefits of owning a whole life insurance policy are the premiums never change and the cash value of the policy grows over a set period of time. A whole life policy can never be canceled even if the policyholder becomes terminally ill. A whole life insurance policy can provide long-term financial security to loved ones as well as an investment tool for the policy owner.

Whole Life Insurance as an Investment Tool

Most insurance companies can guarantee the cash value of the policy will increase over a period of time. The percentages of the increase vary depending upon which company issued the policy. As the cash value increases the policy holder may be able to borrow against the accumulated cash value of the policy. While some people may decide to borrow against their whole life policy others may elect to sell the policy through a life settlement.

Life Settlements for a Whole Life Policy

When a policy holder decides they no longer need their policy they are faced with a few different options. A policyholder can sell their policy back to the insurance company and receive a nominal lump sum payout based upon the present value of their current policy. They may also elect to have their policy shopped through a network of financial institutions willing to offer far more for the same policy. The demand for whole life insurance policies in the secondary market far exceeds the supply of available polices. As a result financial institutions are willing to spend more money on the same policy than the insurance company who issued the policy to the insured. Life settlements have become one of the leading investment tools in the financial sector. A life settlement is a far more attractive financial tool than other investment vehicles due to the high rate of return.

At Ideal Settlements we understand that the demand of a life insurance policy far outweighs the supply of these policies within the life settlement market. We leverage each clients policy with the understanding we can get the maximum value for the policy. By choosing the right company to sell a whole life policy can mean the difference of tens or even hundreds of thousands of dollars. If you are searching for an experienced company that can get you more money for your whole life policy, begin by contacting us today for a free no obligation life settlement quote.  
 
Qualifications for a Whole Life Settlement

• Face value of a Whole life policy must be over $100,000 - no maximum face value.
• Insured must have a life expectancy of 12 years or less.
• Typically over the age of 65
• Change in health condition since the policy was issued.