Life Settlement Investor

Life Settlement Investing I Marketplace Launches

Life Settlement Investing, Marketplace Launches In Chicago

Chicago, Illinois – February 23, 2017 – 

Life Settlement investing is on the rise again in 2017. In Chicago, Windsor Life Settlements is providing a place for investors to connect directly with consumers who need to generate cash from life insurance policies that they no longer need or find too expensive to maintain.

The Chicago-based firm, known for bringing innovation to the insurance industry, is opening a Life Settlement Marketplace, the first dual marketplace in the industry allowing both sellers and buyers to view the process. Premiering the new marketplace with a showroom approach for the limited launch, the marketplace will provide a showcase of portfolios, tertiary and secondary cases available for sale.

Windsor Life Settlements Launches BETA Marketplace

Windsor Life Settlements Launches Marketplace

Usually taking between 90-120 days, with simpler policies taking a shorter amount of time, a life settlement allows a policyholder to sell their policy, typically for a cash settlement that is lower than the death benefit of the policy, to another party, who will receive the benefits of the policy when the insured party dies. Though policyholders sell their policies for a number of reasons, they commonly include not being able to afford premiums any longer, having more pressing financial needs to be addressed such as assisted living costs or no longer needing the policy due to changes in the policy holder’s life such as children moving away from home, a divorce or a business partner selling out of the business. By comparison, most insurance policies are allowed to lapse, providing no financial benefit for the

Though policyholders sell their policies for a number of reasons, they commonly include not being able to afford premiums any longer, having more pressing financial needs to be addressed such as assisted living costs or no longer needing the policy due to changes in the policy holder’s life such as children moving away from home, a divorce or a business partner selling out of the business. By comparison, most insurance policies are allowed to lapse, providing no financial benefit for the

By comparison, most insurance policies are allowed to lapse, providing no financial benefit for the policyholder and leaving a significant amount of pure profit in the hands of the insurance company, which will not need to pay death benefits on the lapsed policy and may only pay a very low surrender value on the policy.

Currently seeking buyers, investors, and funders for the marketplace, Windsor Life provides the option of viewing the actual policies, medical documents associated with the policies and HIPAA documents to help them make a solid decision on the appropriate policy for their investment. They can bid on policies and see who else is bidding on the platform in real time. They can also set up case alerts to receive updates on individual cases as well as broader marketplace alerts to let them know about new cases meeting their criteria that have been listed on the Life Settlement Marketplace.

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Curious about investing in life settlements? Apply for access to the life settlement marketplace below

 

The policies that tend to sell most quickly and for higher amounts are those that involve a relatively short span of expected time, typically peaking around ten years, between the sale and the insured’s demise. The most popular policy types are Universal Life, Whole Life, and Convertible Term Life insurance, and a recent trend has seen an upswing in interest for policies that have conversion privileges available.

Windsor Life Settlements is a life settlement broker focused on providing consumers with a way to generate cash for unneeded or costly life insurance policies that would otherwise lapse. The Marketplace provides an opportunity for policyholders and private investors to interact with complete transparency during the process.

Contact:

Cindy Deacon, Windsor Life Settlements, LLC

CDeacon@Windsorls.com

(866) 445-6641

Windsor Life Settlements
77 W Washington St Suite 515
Chicago IL 60602

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