Life Settlements

In the past, when a life insurance policy was no longer needed or became too expensive to maintain, policy owners had only two options – stop paying the premiums and let the policy lapse, or turn the policy back over to the carrier for the cash surrender value.  Fortunately, policy owners now have a third option – a life settlement.

What is a life settlement?
A life settlement is a financial transaction in which an individual possessing an unwanted or unneeded life insurance policy sells the policy to a third party investor for an amount much greater than the cash surrender value offered by the insurance carrier.  The buyer of the policy becomes the new policy owner and is responsible for paying all future premiums.  When the insured eventually passes away the policy owner receives the death benefit.

The Wealth Acceleration Group is a full service brokerage firm representing multiple life settlement buyers in the secondary market for life insurance.  We only work with institutionally funded, licensed life settlement providers.

Facts:
-It is the fiduciary responsibility of financial advisors, CPA’s, attorneys, and insurance agents to inform their clients of this incredibly valuable option.

-Over 80% of all life insurance policies lapse. 

-Policies are currently being purchased for 3-5 times the amount of the cash surrender value

Who can qualify?
Any insured individual over the age of 65 should explore this valuable option. 

Benefits:
- Provide needed cash

- Fund a bequest to a favorite charity and provide philanthropic opportunities

- Gift to family or friends

Call our network of professionals today for a free consultation and discover the hidden value of your policy.

 

Wealth Acceleration Group
PO Box 22594 * Kansas City, Missouri 64113
Phone: 316-650-0001
Fax: 816-442-7902
jay@waginsurance.com

Loans for life insurance are better served for clients age 70 and above and in good health. Clients from all states are applicable. Some clients do not qualify.   The Wealth Acceleration Group believes life insurance is best served as a long- term estate planning tool to satisfy estate taxes, estate equalization and business succession planning. If the estate tax laws change in your favor and you no longer need the policy, you can liquidate the life insurance policy for a living benefit by selling the asset to a financial institution on a secondary market for an average of 29% face value (researched by Life Policy Dynamics in Washington D.C.).  The Wealth Acceleration Group, LLC does not engage in the practice of law or accounting or give legal, accounting, tax or actuarial advice. For such advice, please consult your advisor(s). Clients may not receive a new life insurance policy with the intent to sell that policy.