Do You Own A Life Insurance Policy That You No longer Need or Want?It is possible that you may be able to can get a CASH settlement in excess of the current cash surrender value by selling your policy in the secondary market to an investor.

Reasons To "Sell" A Policy:

Family Situations Bankruptcy Estate Reduction Estate Tax Revision Business Was Sold 1035 Exchange Drain On Income Divorce - Separation Death of A Spouse Retirement Declining Health Non-Performing Policy Wealth Planning Work Related Changes

Qualifying Types Of Life Insurance:

Group Whole Life Term (Convertible) Joint Universal Variable Key Man (business related)

Who Is A Qualified Candidate?

Mature men and women over age sixty-five years of age who have an existing life insurance policy and whose circumstances have changed since purchasing the policy originally may qualify for a purchase and sale of their policy. Financial advisors view this as a powerful and innovative wealth and estate planning tool.

You need to find a reputable website that will not only give you a free California life insurance quote, but multiple free quotes. This will give you the advantage of being able to choose which company in California, you want to go with.

How Much Is A Policy Worth?

There are a number of variables that determine the offered amount for a policy, including the following;

* Age (of course) * Premium cost * Client's Health * Type of Insurance * Death Benefit * Insurer Rating * State of Residence *Underwriting criteria

Note: As a general rule the most heavily weighted items are the age of the insured (the younger a person is a lesser current value will apply), the health condition, and the amount of the premiums that apply are the primary determinants in arriving at the price offered for a policy.

Term Life Insurance Policy- Anyone can opt for a term life insurance. This type of policy is basically meant to cover a person's short term requirements.

What benefits are there for the insured?

First - there is absolutely no cost for a policy appraisal Offers liquidity to clients Eliminates the insured having to pay premiums Funding for Alternative' products that fit current needs Offers an innovative and better solution for current status Provides another alternative for divesting policies that are no longer needed or wanted.(As opposed to letting policies lapse or accepting the cash surrender value established by the originating life insurance company.)

Permanent Life Insurance- This life insurance policy is for the entire life of a policyholder. The value increases throughout the life.

How Does selling A Policy Work?

1. Policy owner (or professional financial advisor) requests and authorizes a policy evaluation.

2. Policy buyer obtains needed documentation, including policy information and physician statements, etc.

The highest possible offer is obtained in the secondary market. The offer is submitted to the insured for acceptance. If accepted, a contract is sent for signatures. The change of ownership is completed and funds are released to the previous owner (usually the insured).

Afra AmirSanjari is the Principal for Peacock Capital. Peacock Capital specializes in solving the cash flow challenges of Small/Medium Businesses, Government Vendors and Individuals with innovative financial solutions by providing a network for securing operating capital.

Term life insurance policy- anyone can apply for a term life insurance policy. Basically this policy is meant for young people live with their families.

Final Expense This is the basic purpose for all life insurance.