Power to the Policyowner
A life settlement presents a compelling opportunity for policyowners by enabling them access to the market value of their life insurance policies. This value can generate significantly more than a lapse or surrender. Here are reasons your client should consider a life settlement:
- Long term care funding – a policyowner who needs assistance funding long term care can sell their life insurance and use the proceeds to help offset the cost.
- Recouping term premiums – a policyowner who no longer needs their term policy can use a life settlement to eliminate future premiums and recoup a portion of their overall premium outlay.
- Restructuring cash flow – a policyowner with limited cash flow can use the proceeds from a life settlement to fund a reduced policy with lower premiums.
To find out how Coventry can help you do more for your clients, contact a Coventry team member at 877.836.8300.