Universal life policies are among the more valuable policies in the life settlement market.
If you’re age 75+ or living with significant health impairments, consider selling your universal life insurance policy.
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If your policy is no longer needed, you can sell it for cash as you would any other asset.
The buyer takes over your future premiums after a policy is sold.
Receive a single payment, paid in full, for your universal life insurance policy.
Universal life insurance policies are among the most valuable policies in the life settlement market for a few reasons. For starters, they offer both a death benefit and a cash value component. They offer flexibility, investment potential, and a convertible feature. Buyers of universal life policies are interested for many of the same reasons that you invested in this type of policy.
Universal life insurance policies have a cash value component that accumulates over time. This cash value represents the amount available to the policyholder while alive and is a key factor in determining the policy’s market value in a life settlement. Investors may find policies with substantial cash values more attractive, as it provides them with a potential return on investment.
Some universal life policies allow policyholders to allocate cash value to different investment options, such as equity funds or fixed accounts. If the policy’s cash value has been invested and has seen positive returns, it can contribute to the policy’s overall value.
The value of a universal life insurance policy in the life settlement market is determined by various factors, and the specifics of each policy and individual situation play a significant role. The market value is typically assessed by life settlement providers who take into account factors such as the insured’s age, health, face value, and cash value.
The cash value can be used to cover premiums, taken as a loan, or withdrawn, providing a level of financial flexibility.
Buyers of universal life insurance policies are most interested in those with at least $100K in face amount.
While the age and health of the insured are important factors for any life settlement, universal life policies on individuals with shorter life expectancies due to advanced age or health issues can be particularly valuable. This is because the investor may anticipate a payout sooner and will pay more to acquire the policy. If you fall into this category, speak to an expert about getting your policy in front of as many buyers as possible to secure the highest amount possible.
It’s important to note that the benefits of a universal life insurance policy can vary based on the specific terms and features of the policy, as well as the individual needs and financial goals of the policyholder. Before considering a life settlement, policyholders should carefully review their policy terms, consult with financial and legal professionals, and work with reputable life settlement providers or brokers. Additionally, compliance with state regulations is essential, as the life settlement market is subject to state laws.
Your life insurance policy is meant to protect your loved ones. But what many policyholders don’t know is that you can access the benefits of that policy while still alive via a life settlement.
If you want access to your policy’s cash now, as was the case with Ted Muller, consider selling your universal life insurance policy as you would any other asset. By selling your life insurance policy, you can stand to gain valuable resources to help contend with the day-to-day demands of life or fund retirement.
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