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 Posted: Thu Jan 15, 2009 7:10 am Post subject: life insurance or settlement??? |
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Do I need a life insurance even if I have a life settlement?
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newinvestorwolf
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| Posted: Thu Jan 15, 2009 8:49 am Post subject: |
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Hey..
I'd rather say that a life-settlement is certainly a good option for the seniors. Most of them don't know that their current policy could be liquidated for about 10-60% of the worth of coverage that they possess now. The payout could actually reach up to 10 times the worth of the cash surrender.
Roddick |
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roddick
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| Posted: Thu Jan 15, 2009 4:49 pm Post subject: |
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When are you going to die and when is the insured of the policy that you invested in going to die? Who is going to die first?
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Victor Suris
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victor27s
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| Posted: Mon Jan 19, 2009 5:27 am Post subject: |
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| I would also like to know more about this. I'm 28yrs old. So what will e the best option for me? life insurance or life settlement? |
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horizon
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| Posted: Mon Jan 19, 2009 8:47 am Post subject: |
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An insurance services firm specializing in both the domestic and international life insurance marketplace. contact me for more details .. thanks
inproagent.com |
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insurance4life
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| Posted: Mon Jan 19, 2009 1:21 pm Post subject: |
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horizon - No investment group is ever going to do a life settlement on a 28-year old person unless they are terminally ill.
newinvestorwolf - It's not really clear what you're asking here....elaborate? |
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dgoldenz
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| Posted: Thu Jan 22, 2009 8:58 am Post subject: |
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Hi horizon
| Quote: | | horizon - No investment group is ever going to do a life settlement on a 28-year old person unless they are terminally ill. |
right. Life settlement seems to be the last resort that an individual would opt for if he or she is terminally ill and does not have the immediate financial means to take care of that. Getting a life settlement means that you will sell of your life insurance policy for a price lower than what it is worth.
Horizon, at 28 why are you asking this? It will be easier for forum experts to answer your questions if you can elaborate a little more. Please put in more information.
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sil
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| Posted: Fri Jan 23, 2009 5:46 am Post subject: life settlements |
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Life settlements are for terminally ill that already have insurance or older folks who want to spend their $ instead of leaving it to someone else. It is not an option for anyone under 70 that is in good health. Furthermore, everyone needs life insurance. Even if you have cash to leave to your heirs, you are better leaving them at least some money in life insurance that is not taxed.
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jacksonfinancial
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