Policy Owners
Institutional Life Settlement Advisors is a specialty brokerage company that markets, underwrites, packages, and manages Life Settlements, a unique class of financial instruments sometimes known as a "Senior" or "Life Settlement".
Because we combine in-depth knowledge of the life insurance industry with the experience and expertise in the Life Settlement business and Premium Finance Industry, many professional advisors including life insurance agents, attorneys, certified public accountants, chief financial officers, estate planners, and trust officers turn to us to get the best results for you.
We utilize a traditional General Agency system as well as proprietary relationships with wirehouse financial advisors throughout the United States to market its services.
Reasons to Sell Your Life Insurance Policy
There are several reasons why someone would decide to sell or abandon a life insurance policy. Below are five of the most common:
- The Policy is no longer needed or wanted - As the circumstances of life change over time, so do insurance needs. Perhaps a spouse or another beneficiary is now deceased. Or perhaps two people own a business together and create a buy-sell agreement funded by an insurance policy. The policy is no longer needed if the business goes under or one of the partners desired to retire early.
- Possibility of acquiring a superior insurance policy - Policy holders may determine that they can obtain a better policy, with a more expansive coverage and lower premium payments. In such cases, holding on to an older policy can often be detrimental to your financial portfolio.
- Premium payments have become unaffordable - Large or escalating premium payments can prove to be a tremendous burden, particularly on a senior trying to survive off of a measly pension and/or social security. In order to sustain a good quality of life, such seniors may need to get out from under this financial burden.
- Changes in estate planning needs - As financially adept seniors seek to maximize the value of their estates, they may have found ways to minimize or eliminate the need for life insurance to pay estate or gift taxes.
- Rising healthcare costs or mounting financial concerns - Health problems and other unforeseen difficulties can create circumstances that increase financial burdens and needs.
Need more? Here are 10 Essential Things You Must Know About Selling Your Life Insurance Policy.
If you or a loved one are looking for a strategic consultation regarding your life insurance policy, please call us today: 1 (877) 964-9460. If you prefer to send us an email, please utilize our contact form.
