Wednesday, October 17, 2007

Fair market value for Life Settlement

My uncle recently thinking to surrender his life insurance policy, he was abouth 75 years old, so he somewhat felt like he is no longer needed the life insurance policy. Do you know we can choose Life Settlements for unneeded or unwanted life insurance policy by selling off to a third party? As for my uncle case, he prefers to take this life settlement so that he can relieve from the burden of paying the subsequent premiums and enjoy the lump sum of money received.

My uncle prefers to sell his life insurance policy to third party rather than his current issuing life insurance company, i was told that by selling the policy to third party can get more than the cash value offered by the life insurance company. That's why my uncle so refuses to accept the lower cash surrender value from the insurance company.

The Life Settlements offered by IFG is pretty attractive, because my uncle can receive more competitive cash value from them, some more, he can simply sell off his life insurance policy without undergoing medical check, and there is no life expectancy report required.

In fact, my uncle starts to plan for his kids, a part of the reason for selling off the life insurance policy is he wants to give the money for his youngest son, all the while he loves his youngest son very much as his son has innate disability.

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