Life insurance serves a variety of purposes, however as time goes on you may not always need a large life insurance policy, or any insurance at all.
We know your financial needs will change over time, your children may now be grown and financially independent, mortgage paid off, and now looking at retirement plan.
If this time comes it may be a good time to evaluate your assets and consider your options to leverage your Life Insurance.
The Life Settlement Option
With a life settlement, you can sell your current life insurance policy to a third party for a lump sum payment. The third party becomes the owner of the policy, is responsible for making the premium payments, and receives the death benefit when you pass away.
Eligibility
Typically to be eligible for a life settlement the policy owner:
- Is aged 70 or older
- Has had a negative change in health status
- Owns a life insurance policy with a death benefit of at least $100,000
Types of Policies
Most types of life insurance can qualify:
- Universal Life
- Whole life
- Variable Life
- Term Life
- Joint Survivorship policies

Financial professionals that partner with IMS

"IMS always provides me and my clients with top service and great offers."

"IMS always provides me and my clients with top service and great offers."
How IMS Settlements Can Help
At IMS Settlements, we can help you determine whether a life settlement is an appropriate option for you. Contact us today for a Free Evaluation of your Life Insurance policy.
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