Policyholders and AIM Life Settlements

An important message for Senior life insurance policyholders:  We advise to not let your life insurance policy lapse or cancel, before investigating the cash benefits of a Senior Life Insurance Settlement. A Life Settlement can provide you with a significant profit on your life insurance policy, which on average pays 2 to 5 times more than a insurance carrier's surrender value. 

Click here for a statement on our Simple, Free and Non-Binding Application Process

The Life Insurance Settlements business has quickly grown into what is now a multi-billion dollar industry and has benefited seniors all over the country by providing... 

·          An improved standard of living  

·          Assured life-long Income  

·          Relief from bills  

·          Reduced financial worries by using the proceeds to fund long term care, an annuity or new life insurance.  

…all derived by securing a Life Settlement from an undesired life insurance policy.

Click to download the report  "Managing the Life Insurance Asset with a Life Settlement"

Why consider a Life Settlement? Life Insurance policyholders offer a variety of reasons for choosing a life settlement. Among them are: 

·          Policy premiums are too high. 

·          The original need for the life insurance policy no longer exists. 

·          The beneficiary of the policy is deceased. 

·          The sale of the policy would allow the policyholder to achieve an improved standard of living. 

·          The policyholder has a need for new life insurance, annuity or long term care. 

·          The policyholder owns multiple policies and wishes to eliminate one. 

·          The policyholder wishes to purchase a new life insurance policy that is more suited to their current financial / insurance needs. 

·          The policyholder requires funds to pay for medical expenses. 

·          A reduced estate value eliminates the need for a life insurance policy originally purchased for tax liability reasons. 

·          Policyholder wishes to make a cash donation to charity. 

·          A "key man" policy that is no longer necessary. (Used by companies to protect from the loss of key individuals). 

·          A charity wishes to liquidate a life insurance policy donation.

To receive an application - SEE BELOW

Are you a candidate for a Life Settlement? Here are the general circumstances which indicate if an individual is a potential candidate for a Life Settlement. 

·          Males over age 70 

·          Females over age 75 

·          Individuals with a life expectancy of 12 years or less 

·          Insurance carrier rating 

·          Anyone suffering from a terminal illness 

·          Minimum of $100,000 in life insurance coverage 

Other qualifying conditions exist. Please call for afree, no-obligationscreening  - 1-800-716-6171

The Life Settlement process:  Simple, Free and Non-binding 

·          There are no out of pocket costs paid by the seller. The purchaser of the policy pays all of the transaction fees. 

·          You submit one application and supporting documentation. 

·          Medical and insurance records are obtained by our team. 

·          The underwriting team conducts a review to determine eligibility. 

·          Negotiations are conducted with multiple funding sources to ensure the absolute highest offer. 

·          Upon acceptance of a settlement amount by the policyholder, a purchase and sale contract is completed. 

·          A third-party escrow account is established. 

·          Policy ownership and beneficiary rights are transferred and funds are release to policy owner. 

·          Standard processing time (application to fund transfer) take between 7 and 10 weeks. 

·          After transaction is complete, the Policyholder still has approximately 14 days to rescind the deal (varies by state). 

·          There are no out of pocket costs paid by the seller. The purchaser of the policy pays all of the transaction fees. 

AIM's Life Settlement process is a snap and designed to be as simple as possible for you and your doctors. Just one application from you sets the wheels in motion for a process that will see your policy presented to every qualified Life Settlement Funder. We only work with qualified and licensed Institutional Funders. Only ONE company will contact your doctors and insurance company. All records are kept in the strictest confidence.  And, a key feature of our service is that we will negotiate and re-negotiate with funding Institutions to insure that you receive to the highest cash value for you policy.

Selling your life insurance policy is a major financial decision. So let us take a closer at things you should know beforehand. 

Things you should know before selling your policy: Options you should always consider before selling your policy are 1) using any policy cash value that you have in the policy, 2) exercising the accelerated death benefit provision, if it exist. This provision will pay out a percentage of the policy’s death benefit for a terminal illness. If your policy is a whole life policy, or your policy has an investment feature, you may be able to obtain a loan against its cash value to meet your immediate needs and  then…keep your policy 

Here are some questions you should ask and some points to be aware of…

Will you need life insurance in the future?

If so and you sell your policy, will you qualify for new insurance?

Who will buy you policy?    Will it be re-sold?

What personal information will you have to provide?

Is the life settlement company licensed in my state?

And, more important points…

Consult your accountant about tax consequences

Be aware of any Medicaid and public assistance concerns

These are just some of the key items that you should know and are consistent with those provided by the National Association of Insurance Commissioner. Please contact us for the full report

We are here to answer your Life Settlements questions

CALL TODAY 1-800-716-6171