LIFE SETTLEMENTS

WHEN YOUR LIFE INSURANCE POLICY IS NO LONGER NEEDED

Situations may arise when you no longer need or want your life insurance policy, generally due to:

Changes in your planning needs (e.g., retirement income needs, changes in estate taxes, business changes, etc.) and/or;
Changes in the policy structure (e.g., carrier-imposed premium increases, reduced duration of coverage, and other policy performance problems)

When these situations occur, we work with you and your advisors using our Life Settlement Advocacy Program™ that first analyzes the existing policy and examining the potential for a life settlement. Based on our findings and your objectives, we provide detailed analyses and recommendations of various options that may include:

Allow the policy to lapse
Surrender the policy for cash value
Restructure the policy
Exchange for a new life policy or an annuity
Pursue a life settlement when a higher net value seems likely

IMPORTANT CONSIDERATIONS

Valmark Securities supervises all life settlements like a security transaction and its’ registered representatives act as brokers on the transaction and may receive a fee from the purchaser. Once a policy is transferred, the policy owner has no control over subsequent transfers and may be required to disclosure additional information later. If a continued need for coverage exists, the policy owner should consider the availability, adequacy and cost of the comparable coverage. A life settlement transaction may require an extended period to complete and result in higher costs and fees due to their complexity. Policy owners considering the need for cash should consider other less costly alternatives. A life settlement may affect the insured’s ability to obtain insurance in the future and the seller’s eligibility for certain public assistance programs. When an individual decides to sell their policy, they must provide complete access to their medical history, and other personal information.

LIFE SETTLEMENTS