Life Insurance for Property and Estate Taxes
It is common that many individuals are using a life insurance policy for future property and estate taxes. This a very financially beneficial decision and can benefit your heirs greatly. What happens is you sell the property, move, or want to downsize? Before you could continue to pay the hefty premiums, surrender the policy for cash value, or let it lapse.
Now with a Life Insurance Settlement, you can recevie a higher value for you unwanted life insurance and get an immediate lump payout. An example below is how a client greatly benefited from a life settlement.
A 76 year old male owned a $3,000,000.00 universal life policy with a cash surrender value of $120,000.00. The original intent of the policy was to cover estate taxes on a property owned by the insured. The property was later liquidated and the policy was no longer needed. Insured utilized a life settlement and received $300,000.00.
The client was about to cash surrender the policy when he heard about life insurance settlements, a quick phone call generated an extra $180,000.00 into his pocket! Call 1-888-973-8377 to speak with a Life Settlement Professional today.
