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Life Insurance Is Your Personal Property
Life insurance policies are your property, not the insurance company’s, therefore, it is your choice if you want to sell your policy.
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Policy Cash Israel offers the option of life settlements. It is both a legitimate and reliable choice in order to create financial options for your future. Life insurance is often a senior’s largest asset, and one they can use to alleviate retirement challenges like medical expenses, living costs, and more.
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Why sacrifice a policy that you spent years paying into, when you can exchange your premium payments for a cash lump sum payment now?
Can I Sell My Life Insurance Policy?
Yes, you can sell your life insurance policy through a life settlement—your life insurance policy is your property, which entitles you to sell all or even part of it, if you choose to do so.
The average payout of a life insurance sale is 4-6 times the policy’s cash surrender value.
To get started with selling your life insurance policy, you will first need to see if you meet some minimum qualifying factors, such as:
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Own a policy with a $100,000 / ₪350,000 or more in death benefit. Anything less than that typically does not qualify, unless there are considerable health impairments
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Life insurance policies generally qualify if you are over age 65
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A decline in health from the time when the policy was issued may help better your chances to qualify, but it is not necessary
Because each life settlement case is distinctive, these factors should only be seen as general guidelines. Each case is unique. In some cases you can even elect to keep a portion of the policy's death benefit.
If the insured has a terminal illness, Policy Cash Israel may be able to speed the sales process and get the insured an even higher return.
If you have any questions on qualification, fill out the Settlement Calculator or speak to a Policy Cash Israel representative at 054-682-2425. We are happy to discuss all the options with you!
Why Do People Sell Their Life Insurance for a Life Settlement?
ENHANCE YOUR RETIREMENT LIFE
Cash from selling your policy can be used any way you want. For example, you may want to use those funds for traveling, buying a new house, or other ways that enhance your retirement life.
FUNDS ARE NEEDED TO PAY FOR MEDICAL CARE OR SOME OTHER EXPENSE
A life settlement can free up money to pay significant expenses such as  assisted living or medical costs such as cancer treatments.
Case Study Examples
Terri was suddenly faced with the unthinkable. First, she received a diagnosis of stage IV cancer. Shortly after, Terri’s husband lost his job, after three decades of dedicated service. They needed an immediate option to face these devastating life changes. At the end of the day, Terri and her husband were able to pay off the remaining mortgage left on their home. Terri now had the financial freedom to concentrate on her cancer treatment, and spend more time with her family. “I would recommend the life settlement process to anyone who is coping with a life- changing event like cancer."
*The cases studies are provided for example purposes only.