When I first heard of
or life insurance settlements I shuddered at the thought of such an
idea. I even put into words my deep feelings.
You see I spent many years in the life insurance business and have seen the product work for the betterment of so many.
I could not conceive of a pleasant result when one deprives the beneficiaries of what was due them. I guess I had not given the idea much thought...thus my extreme response.
What will happen to your family when you die? Would they be provided
for? Life Insurance is the solution and we can help. Compare Multiple
Quotes from Highly Ranked Carriers and Save up to 70%! Getting your
quote is easy and FREE. Click Here And Save
Although I still do not feel it right to deprive beneficiaries of their life insurance proceeds so that an insured can get his or her hands on the proceeds of policies during their lifetime through settlements with investors, after much study and deep thought I can only conclude that there are situations where this is, not only justified, but is absolutely necessary.
If you bring into the picture the unfortunate person who is HIV positive or has developed full blown AIDS and are desperately doing everything they can just to stay alive with these extremely expensive drugs then you will, like I have, learn to appreciate the need for life insurance settlements.
Some people have no cash value life insurance they can borrow from; no nest egg they can draw on. All these people have is their life insurance policy. They therefore sell their policies to the highest bidder. They get 50% to 60% of the face amount of the policy which they use to pay for treatment and for the drugs they need to keep themselves alive.
Let us not elude ourselves that it is only people with aids who need settlements. There are certain cancers, heart, liver and kidney conditions that can devastate our lives and put us in a financial quandary. I am sure there are many more illnesses that I have not even thought about. I therefore conclude, because I am now more informed, that life insurance settlements can truly be necessary and that when people take this path it must be with great reluctance and heartbreak.
There is nothing more important than your family's security. What would
happen to your family if you died? Would they be provided for? Compare
Quality Quotes and Save up to 70%! The process is Fast, Easy and FREE. Click Here To Get Started
Home Life Insurance Settlements How Much Life Insurance Life Insurance Rate Long Term Disability Insurance Lost Life Insurance Policy Low Cost Life Insurance Low Cost Term Life Insurance Medical Examinations Mortgage Disability Insurance Mortgage Protection Insurance No Exam Life Insurance No Load Life Insurance Non Medical Life Insurance Nonforfeiture Values Old Life Insurance Online Insurance Quotes Online Term Life Insurance Quotes Partnerships Permanent Insurance Permanent Life Insurance Vs Term Permanent Life Insurance Options Professional Disability Insurance Retirement Planning Return Of Premium Life Insurance Return Of Premium Term Life Risk Appraisal Risk Appraisal Criteria S Corporations Selling A Life Insurance Policy Single Premium Life Insurance Sole Proprietorships Straight Life Insurance Term Insurance Quote Term Life Insurance At Retirement Term Life Insurance Comparison
Life insurance hub is a service dedicated to assisting you in understanding life insurance quotes and how to apply them to your personal life insurance needs.
Death proceeds from 10 year life insurance can be in lump sum form or incomr form
The 5 year term life insurance policy has been around in insurance circles for a very long time. It can be sold as a policy or as a rider to a permanent life insurance policy.
The 20 year term insurance policy is one of the most sought after life insurance policies.
Take a look at 20 pay life insurance. Most people know that you buy whole life insurance if you want to be covered for the rest of your life even if you live to age 100.