Variable Insurance Policies
This is a life insurance policy that can be sold for a cash settlement. If the face value or death benefit is over $250,000 and the policy holder is over the age of 55 (generally).
Variable life insurance can carry expensive premiums and that is one of the reasons why some people look to sell them.
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As insurance companies became more dynamic, the different types of policies became more specialized. Variable insurance allows for the premiums invested into the policy to be invested into investment funds. The value of the securities can increase the value of the policy and the death benefit. If the market goes up, so will the policy or cash value. If the market declines, the value can decline. There is a minimum death benefit as long as the contract is active.
Flexible Premium
Varaible life insurance has a flexible premium structure where the amounts the policyholder pays into the insurance can vary. Still, the premiums can be expensive and many policyholders are looking to sell the policy for a cash settlement option.
Issuer Company
It does not matter who the issuing company is of your policy for you to look to sell it. Some holders feel they have to go through their broker - even if that broker is no longer in contact them. Whether the variable issue (or any insurance policy) is issues through Met Life, Colonial Penn, Prudential or any other company. If the contract and the policyholder fit the minimum profile to sell for a cash settlement, the original issuing company will not matter.
How To Sell
Simply contact us and provide us with the basics of the variable insurance policy you have or any life insurance contract and we will contact you with a cash settlement opinion and potential buyer for you insurance policy.
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