Thursday, August 30, 2007

Small Face Life Insurance Settlement

I just caught word that Life Settlement Pro is now looking at small face life insurance policies. Life Settlements usually have a required face value of $250,000.00 When I say small, I do not mean $250k, they are going as low as 50k! The range is 50k - 500k, the only difference is a larger app with more health related questions.

From my understand the process is similar to Life Insurance Application, where you disclose your current health status and usually have to do a physical or some type of exam. This Small Face Policy Life Settlement program is similar because you will only be required to answer questions via the app or a phone interview.

I have a feeling that the offers on these type settlement will be a little bit lower because they are smaller in face value. But it opens up another market for these size policies. It is also great news for the consumer cause now instead of lapsing or surrendering a small policy they can receive a cash settlement.

This program works great for term insurance policies that most people will assume has zero value when the terms ends. As long as the term policy can still be converted it can be sold.

Feel free to call Life Settlement Pro at 1-888-973-8377.