Archive for the ‘Life Insurance’ Category

Selling Your Life Insurance Policy

Tuesday, July 24th, 2007

A few months ago I posted about Liquefying an Insurance Policy. Today I will tell you a little about the process of selling your life insurance policy.

As you know if you are considering canceling your life insurance policy or selling an existing life insurance, Structured Settlement Quotes will take over your insurance policy and pay you a lump sum settlement.

The first step would be to actually find out what amount is needed from your insurance policy to pay any of your outstanding debts. Once this has been calculated, it is time to figure out the exact monthly, quarterly or other time frame payment details.

After receiving an estimated value of your policy, SSQ would then match up your financial needs with the best structured settlement company getting you the best factoring quote for your needs.

Provided you are content with the financial numbers, documents are signed to continue the process. Basically, the whole transfer process takes anywhere from 6 to 8 weeks including the underwriting and State Judge approval.

For more information on selling your policy contact Structured Settlements Quotes web site for more details.

Liquefying an Insurance Policy

Sunday, May 27th, 2007

I know with the times being tough lately the economy is not performing up to par. While our wages have not increased, the price of energy is continuing to rise, driving up the prices of food, clothing and other life necessities. The inflation is hurting us all we have to find a way to cut corners.

So we start thinking what am I spending money on that I can do without? One of the first thing people will do is stop contributing to their life insurance policy.

I would not be so quick at doing that because there is a Structured Settlement Quotes Site that will take over your insurance policy and even pay you for it! Did you know SSQ pays a discounted rate of the policy’s net death benefit amount?

There are a few things that are considered when it comes to estimating the amount of your life insurance policy. They calculate your life expectancy and the cost of premiums to keep the policy renewed and up to date for a particular time.

There are two types of life insurance settlement transactions; life settlements and viatical settlements.

With Life settlement policies SSQ creates immediate liquidity of an unwanted and non-performing asset, netting the policy owner a nice lump sum payment of cash. The other is viatical settlements; SSQ would liquefy the insurance policy should the policy owner be facing a terminal illness, so they can use the funds to pay for high costs of medical care.

If you are thinking of canceling your life insurance or selling an existing life insurance policy contact Structured Settlements Quotes Site for more information.