Most people don’t qualify, despite what the commercials might suggest. Life settlements are typically for policyholders over age 75 or those with serious health conditions.
Independence isn’t a detail.
It’s the difference.
Independence isn’t a detail. It’s the difference.
In today’s market, not every life settlement company plays it straight. Some aren’t life settlement companies at all. They’re life settlement “marketing” companies or merely websites that exist to generate leads. For policyholders this ultimately means an illusion of choice. It means one buyer, one agenda, and one likely outcome: a smaller offer.
Since 2012, Windsor has been doing things differently. We’re an independent life settlement broker, representing policyholders, not buyers. Your policy is discretely and securely introduced to a broader network of funds and reputable providers who make offers for it, driving up the price while securing better closing terms.
The fact is that you probably don’t even qualify for a life settlement. But if you do, speaking to a broker can only help, especially for policies over $500k.
The most honest piece of life settlement advice you will read today explains why most policyholders will not qualify for a life settlement.
Most people don’t qualify, despite what the commercials might suggest. Life settlements are typically for policyholders over age 75 or those with serious health conditions.
Before moving forward, ask these questions to gauge transparency, culture, offers, and pressure tactics when dealing with life settlement companies.
Many life settlement companies use these sort of pressure tactics but a policy’s value will not likely evaporate overnight. Introduce a life settlement broker and watch your previous offer “expire” and be replaced with a newer higher offer.
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However, as you probably suspected, it’s challenging to pursue a life settlement with a term policy compared to permanent products. But under the right circumstances — age, health, and timing — a term policy can be converted and sold for real value.
We specialize in identifying those hidden opportunities. If your term coverage is nearing the end, it’s worth checking if you qualify.
Our newsletter is produced by actual policyholders, life insurance agents, accountants, attorneys, estate planners, and investors. Each edition shares firsthand experience and practical insights you won’t find anywhere else.
Life settlements have a troubled history. And the current climate isn't much better. Policyholders today are urged to at least consult an independent broker before making a decision.
Do You Pay Taxes On Life Settlements? Yes. However new tax laws from 2017 allow policyholders to keep more of their settlement amount. How much and what portion depends on the type of policy, your cost basis, and how the IRS categorizes the gain. Here’s the breakdown in plain English:...
If you’re considering a life or viatical settlement, and you found our writing helpful, consider joining our newsletter. It’s produced by policyholders, agents, brokers, and financial professionals, giving our readers a comprehensive resource to help guide their life settlement experience and secure the best result, even if you’re not planning to hire a broker.
Our weekly report is produced by policyholders, agents, brokers, and financial professionals, giving our readers a comprehensive resource to help guide their life settlement experience and secure the best result. Even if you’re not planning to hire a broker, consider this free resource.