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Is a life insurance
settlement right for me?
If you're considering letting your policy lapse, a life settlement may provide a more profitable alternative. If you haven't yet thought about trading your policy in, there are many reasons you might: Have your financial responsibilities or needs changed? You may no longer need to be concerned about affording your children's college or paying off your house. Many people may simply cancel their policies or stop paying the premiums because they not longer require the policy. Have the recent tax law changes left you over-insured? If you purchased a life insurance policy to pay for the tax on your estate in the event of your death, prior to 2001 you may be over insured. Trusted Life will purchase your inflated policy for cash allowing you to purchase a smaller policy with smaller annual premiums. Do you need cash for long-term care? Deciding how you will pay for care in the event of a long-term illness, accident or disability may be one of the most important decisions you ever make. The average American male can expect to spend more than $50,000 on long-term care, women more than twice that number. Do you need funds in order to create a more comfortable living situation? A life insurance settlement will help you take that long awaited vacation that you always planned but could never afford, or get you that luxury item you've always had your eye on. Perhaps you would prefer your life insurance policy as a gift to be enjoyed by relatives or as a charitable donation. |
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