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To learn more about Life Settlements,
click on the presentation link below:
 Life
Settlement Flash Presentation 
Life Settlements
We have a strategic relationship with Life Insurance Settlements, Inc one of the largest brokers in the life settlements industry. This gives IFG Insurance a worldwide network of
over 50 funders to ensure that you receive the best offer from our brokers, who are members of LISA, Life Insurance Settlements Association.
- Free Non-binding Life Settlement Appraisal
For policies of $250,000 and above, you can get a life settlement offer as easy as applying for "Simplified Issue Life." With just the application and illustration, you can
receive a competitive settlement offer for qualifying policies.
A Life Settlement is when the owner of a policy sells
that policy for a lump sum payment.
Life Settlements are an attractive alternative to lapsing
a policy, where the owner receives nothing, surrendering a policy for
a low cash value or taking a policy loan which the owner may not be
able to repay.
Recent Life Settlements Offers:
- Client: 70-year-old male with health complications.
Result: $1,000,000 policy with small cash value. Insured sold the policy and received $120,000.
- Client: 83-year-old female in relatively poor health.
Result: $4,000,000 policy with an annual premium of $168,000. Insured received $1,360,000.
- Client: 76-year-old male with some health problems.
Result: $1,700,000 policy about to lapse. The owner could not afford to keep the policy in force and received $275,000.
- Client: 81-year-old male in relatively good health.
Result: $1,605,000 policy with an annual premium of $76,000. Insured sold the policy for $202,800.
- Client: 87-year-old male & 82-year-old female.
Result: $2,300,000 second to die policy with no cash value. Insured's sold the policy and received $300,000.
Opportunities for Life Settlements often arise in the following
circumstances:
- The policy-owner cannot afford or does not wish to
afford the premiums on an ongoing basis.
- There is a need for a cash lump sum to fund a project
or an acquisition.
- The policy no longer satisfies the policy-owners
current objectives.
- The personal circumstances that the policy was taken
out for are no longer valid e.g. the mortgage is paid off, college
is completed, the intended beneficiary has died.
- The commercial circumstances that the policy was
taken out for are no longer valid e.g. the 'key man' is no longer employed
or the business ownership is sold or a loan is repaid.
Financial Benefits
 There are clear financial benefits to an insurance
settlement. Insurance settlements offer policy owners an immediate
and significant lump sum payment and relieve them from the burden of
paying future premiums.
The money can be used for:
- Purchasing investments and other insurance products
- Maintaining Lifestyle
- Funding long term care
- Making gifts to heirs or charities
- Achieving other financial objectives
What Life Insurance Policies Qualify
- Insured Age 70 and above
- Life Expectancy - 26 months to 180 months
- Face Amounts - $250K and above
- Products - Convertible Term, Single UL
- Must be out of incontestability
| Eligible States |
AL, AR, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL,
IN, KS, KY, LA, MA, MD, ME,MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR,
PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, & WY
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The National Ethics Bureau is an independent organization that
promotes consumer confidence by providing a one-stop source to verify
the business ethics of insurance and financial advisors. We are a
long time member and passed the Ethics Check System, a series of
comprehensive background checks for criminal, civil, and business
violations.
www.ethicscheck.com |
Toll Free: 1-800-381-0997 | Fx: 1-866-
879-0331 | E-mail: info@ifgins.com
 
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