Life is good the numbers prove it
Until recently, the only option for those who no longer needed or wanted life insurance
was to lapse or surrender the policy for nothing or far less than the policy’s
face value. In fact, insurance companies count on the fact that 80% of universal
life policies never pay a claim*. Thanks to the pioneering efforts of the founder
of Habersham Funding, LLC ("Habersham Funding"), policyholders now have
more options to sell their life insurance policies for fair market value.
You see, Habersham Funding believes that policyholders deserve more for their life
insurance policy. Habersham Funding has been an outspoken advocate for the position
that policy owners deserve fair value rather than being forced to accept the alternative.
This fresh perspective has enabled a generation of consumers to receive greater
returns from their life insurance investment.
The difference is in your favor
A life settlement is the sale of an existing life insurance policy to a life settlement
provider. Life settlements are an option for policyholders who determine that their
current policy is underperforming or is no longer needed due to changes in the owners
financial or other circumstances. With a life settlement, a policyholder can convert
an unwanted life insurance policy into a lump sum settlement. The average settlement
is approximately four times the cash surrender value.
Life settlements are not for everyone, though. Anyone considering a life settlement
should first talk with his or her insurance, financial and legal advisors. Generally,
candidates for life settlements are 65 years of age or older and have owned a policy
for more than two years. Some settlements also may be available for people younger
than 65 under certain circumstances. Habersham Funding can work with virtually every
policy type including term, whole, universal, variable, joint survivorship, and
group. Policies may be owned individually, or through corporation, foundation, trust,
non-profit organization or business.
Now, you have options
With the advent of the secondary market for life insurance, qualifying policyholders
now have more options than ever before. Gone are the days when policyholders had
to settle for what their insurance company offered. Now, consumers can turn to life
settlements instead. The benefits of a life settlement are significant:
- Eliminate premiums on an unneeded or unaffordable life insurance policy
- Generate more cash than if the policy were surrendered
- Redirect funds from a dormant asset to better serve current financial goals
- Provide cash for charitable causes, gifts, medical expenses or any other purpose
Use proceeds to purchase a more efficient, up-to-date model of life insurance.
Think you may qualify for a life settlement? Find out with our
*Source: Bernstein Research Call, March 4, 2005, "Life Insurance Long View
Life Settlements Need Not Be Unsettling."