If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that
Recently you may have been hearing more and more about life settlements and wondering what are they? Life settlements are a new way for you and your client to look at a life insurance policy. Some can be transformed into an unexpected source of income, freedom and flexibility, all for your enjoyment, while your clients are still alive. A vibrant secondary market for life insurance policies is populated by major institutional investors searching for diversification of investment options has come into being. That means that hitting in your clients safe department box or bottom drawer may be an undervalued asset. Life settlements are relatively new to the life insurance marketplace. Until recently policy owners of unwanted coverage had limited alternatives: they let policies laps or surrender them for cash value. But now the insurance carrier no longer holds sole control over the options clients have with their life insurance policies. Clients may now be able to sell their policy in the secondary market for far more than the cash surrender value the life insurance carrier would offer. Life settlement empowers policy owners to view life insurance as an asset rather than an as an expense. When a life settlement is used policy owners receive market value for their life insurance policies and no longer have an on going premium commitment. As such, life insurance has become an important financial tool for managing investment portfolios. Who is a candidate for a life settlement?Not everyone should sell their life insurance policy, but it is a good idea for agents to help their older clients evaluate a life settlement as part of wealth management strategy. Life insurance is a valuable product and serves an important role in ones financial portfolio. Often times, however, peoples needs and circumstances change, while policies dont. For those who no longer want to maintain coverage or for whom premiums have become burdensome, life settlement may provide substantial benefits. When the policy is no longer needed the life settlement marketplace offers an important alternative to cashing in or letting a policy laps. Outlined in this article are the situations that may create an opportunity to reconsider the necessity of a life insurance policy:
- A safety net is no longer needed due to lifetime wealth accumulation, the maturity of children or other reasons
- The policy owner is over insured or wishes to dispose of the existing policy in order to execute a more appropriate one
- Tax law changes have reduced the needs to subsidize state taxes
- A family or a medical emergency arises
- Insurance policy premiums have become unaffordable
- Business loan secured by the policy has been repaid
- Stock market volatility has diminished retirement income
- A need exists to find a long term care program