What is Reverse Life Insurance?
What is Reverse Life Insurance?
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What’s Reverse Life Insurance?
viatical settlement calculator Life insurance policies, commonly viewed as a safety net for beneficiaries after the policyholder’s passing, offer more than meets the eye. Ensuring medical or debt-related costs are handled is just one way these policies can provide a safety net during challenging times.
The ability to sell a life insurance policy is a rising trend that many are unaware of. Referred to as ‘reverse life insurance’ or ‘life settlements,’ this process essentially converts a policy into immediate cash value. Converting a policy to cash can be an ideal choice for those requiring immediate financial assistance.
What is Reverse Life Insurance? How Does it Work?
best life settlement company The terms ‘Reverse Life Insurance’ and ‘Life Settlements’ are often used interchangeably, leading to confusion. Though related, Reverse Life Insurance and Life Settlements are not synonymous.
Reverse Life Insurance broadly encompasses options for turning life insurance policies into liquid assets. By contrast, Life Settlements focus on selling the policy for an amount between its surrender value and death benefit.
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