Own Life Insurance and Need Money? The Sicker the Better

Which asset becomes more valuable the sicker we are? My friend Chris Orestis just released an article with the answer. Here’s an excerpt:

“Far too many seniors who own life insurance will throw their policy away without realizing it is a stable and valuable asset that they can tap into.

Because the transaction monetarily rewards the policy owner the older and more impaired they become, it is a rare financial outlet that has actually increased in value during the coronavirus pandemic.”

Very few people are aware that life insurance is an asset that can be sold. If you are even thinking about letting a life insurance policy go, seek counsel before doing that. You could be giving up thousands of dollars! Here’s the entire article which will explain how selling a life insurance can provide much-needed cash. The company that buys it takes over the premium and gives the policyholder a specific percentage of the death benefit. For term insurance, the key is to be sure the policy has a conversion provision. You can find that out in the policy language and/or by calling the insurance company.

Life Settlements: Betting on Life Insurance During a Global Pandemic

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    • Sandra Salomon on December 1, 2020 at 6:55 pm
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    Hello. My name is Sandra. I have a question about life settlements. I have a Group life insurance policy from my former employer. I was released form my job on October 30, 2020. The policy is from MetLife. There is a conversion privilege. The conversion amount is $100,000.

    Can I still get a life settlement with a policy from a former employer?

    I thank you for your prompt response and help.

    I live in New York.

    1. Hi Sandra – please contact Lisa Rehburg, a really good person I know who specializes in life settlements. https://rehburglifesettlements.com/

    • Sandra Salomon on December 1, 2020 at 6:49 pm
    • Reply

    Hello. My name is Sandra. I have a question about life settlements. I have a Group life insurance policy from my former employer. I was released form my job on October 30, 2020. The policy is from MetLife. There is a conversion privilege. The conversion amount is $100,000.

    Can I still get a life settlement with a policy from a former employer?

    I thank yoiu for your prompt response and help.

    1. Possibly. A life settlement company will take into account your health, your life expectancy, and the conversion premium among other things. Here is someone who can help you: Lisa Rehburg https://rehburglifesettlements.com/

    • Terri on November 18, 2020 at 2:44 pm
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    I read the articlel published by Chris on life settlements. I sent an email to Chris, but no response. Wonder about
    …. My husband is 67. He has a 20 yr term Mass Mutual $700,000 life insurance policy that expired at the end of September, but I received a letter that we can keep the policy going by paying the past due amount. Would something like this qualify for a life settlement?

    1. I think it might Terry and I’m so glad you contacted me. I have just emailed Chris Orestis to get in touch with you.

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