Category: Finance, Insurance.
Due to severe competition between large, medium and small financial institutions, many seniors get confused while they need to decide over purchase of any life settlement product.
In this situation they neither get reasonable amount on the sale of their policy nor the privilege to retain a portion of their policy. Since every institution claim to offer the best deal for life settlement, often seniors go for wrong option and get trapped in alluring proposals of unauthorized settlement brokers and investors. To avoid such worst cases, authentic financial institutions introduced an excellent solution i. e. bonded life settlement. As only certified financial institutions can deal with bonded life settlement, it provides the policyholder with contentment of getting best possible price of his or her policy. This is absolutely reliable solution for those seniors who avoid buying high value life settlement policies just because of the fear of getting trapped by frauds. Bonded life settlement can be perfectly defined as premium financing because a lender finances the premiums on these policies if the policy is no more wanted by the policy holder.
In this entire process the senior policyholder never gets bothered by investor or the financial institution. The policy is then sold to an authentic investor by the concerned institution. The core purpose of bonded life settlements policies is to grow a new crop of policies for the life settlement market. At the end of 2nd year of policy, this policy is sold to a third party and the remaining premium amount is paid by the third party i. e. investor. The process is embarked by creating a new insurance on qualified seniors. Normally, most of the seniors are unaware about the facility of bonded life settlement therefore they keep on paying high premiums of their unwanted life insurance policy even during financial crisis. Bonded life settlement is basically the sale of unwanted life insurance policy by a senior in return of a lump sum amount.
First of all, seniors must know that a life insurance policy is an asset that can be sold just like any other asset such as home, car or any, land other property. In many cases, a life insurance policy becomes unaffordable due to its high premium or poor financial position of the policyholder. With help of bonded life settlement a senior can also manage to get a solution to settle his or her emergency financial requirements. In such situation bonded life settlement help these policy holders in getting rid of highly expensive policy. It offers them a great way to get instant money without rushing here and there for arrangement of money. With a bonded life settlement there is" no risk and high gain" situation for the buyer and policyholder as it is a perfectly safe high and valve investment with 100% return.
Moreover, it offers the investor an absolutely safe and guaranteed return on his or her investment as the investor becomes the sole owner of policy amount after successful accomplishment of policy settlement. So what are you waiting for? If you are a qualified senior and want to get rid of your expensive life insurance policy then find a reliable and certified broker and get great settlement.
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