Adverse selection is a concept with a widespread impact on the insurance industry. Learn everything you need to know about adverse selection in this helpful guide.
Life Settlements Featured On
What Can A Life Settlement Do For You?
Retire when you choose with the security of knowing you will be able to enjoy your retirement to the fullest. Many seniors are unaware that their life insurance policy is a liquid asset. Imagine the adventures and activities your life settlement will allow you to make a reality. Your life settlement will put more money in your retirement fund than the surrender value on your policy.
Cover Medical Expenses
The last thing you need to worry about is being able to cover medical expenses or even worse not being able to receive the health care you need because of financial reasons. Medical appointments and procedures can become costly even with the best health care coverage. A life settlement can ease your financial burden and allow you to focus on more important things.
Provide Peace of Mind
Selling your life insurance policy can help you pay for your immediate and long-term needs.You have paid your life insurance bills for years, now you can sell your policy and retire without having to worry about finances.
Reduce Monthly Expenses
Imagine opening your mailbox and never receiving a life insurance premium bill ever again. In addition to the cash settlement you would receive for your policy, you will also save on your monthly expenses. Put a stop to paying over-priced, steadily increasing premiums. Selling your life insurance policy will provide a lump sum of money in your bank account and stop monthly insurance bills.
Seniors & Retirees Ask Us, "Can I Sell My Life Insurance Policy?"
Yes, Meet Margie
She got $220,000 for her $600,000 policy.Margie realized her life insurance premium was getting ready to triple in price. Her children were grown and financially independent. She decided it was the perfect time for her to sell her policy. She called a few life settlement companies but wasn’t comfortable with any of them. Then she saw an article on Harbor Life Settlements and gave them a call. The agent listened to all of Margie’s concerns and was happy to answer all of her questions. The professional agents at Harbor Life were able to quickly get her the most money for life insurance policy. Margie is now enjoying retirement with peace of mind and doesn’t miss her monthly life insurance bill.
– US Government Accountability Office (2010) and the London Business School (2013).
How Much is My Policy Worth?
About Harbor Life Settlements
No Cost or Obligation to Receive an Offer. Harbor Life is dedicated to helping customers receive the best offer for their life insurance settlement. If your policy is eligible we will help you receive up to 60% of the death benefit value. We keep our clients informed every step of the way and make it easy to sell your life insurance policy. In less than 5 minutes of your time, we will be able to start working on getting you a cash estimate on the value of your policy. We will find the right buyer with the highest offer and then handle all of the paperwork to make things easy for you.
We Work With Only Professional Licensed Buyers. This allows the sale process to be seamless and fast. It can take a really long time to sell your life insurance policy, but not when you work with Habor Life Settlements. Instead of the typical 6-9 months, it can take to sell your life insurance policy with other companies, Harbor Life is able to buy out life insurance policies for cash in as little as a few weeks. We value our potential client’s time and also believe in providing all of the information and available options for their life settlement and let them make the decision that is right for them.
Our Entire Company is Dedicated to Working with You. We understand selling your life insurance policy is a big decision and are here to answer all of your questions. Unfortunately, 80% of people let their insurance policies lapse without realizing they could have sold their policy in a life settlement and received a larger payout. We educate consumers so they know that selling a life insurance policy in a settlement will provide more money than surrendering a policy. We know the importance of making the right decision and we are here to listen and explain the process every step of the way.
Your Privacy and Satisfaction Are Our Top Priority. There is No Obligation to Accept Any Offer We Present to You. We have helped hundreds of thousands of clients successfully sell their policies. Our satisfied clients have seen how a life settlement changed their lives. It is the greatest compliment to Harbor Life Settlements to receive referrals from our clients and to be able to provide their friends and family with the most value for their life insurance policies. Harbor Life Settlements takes pride in providing an exceptional client experience and is a trusted leader in the industry.
Steps To Selling Your Policy
Looking For More Information on Life Settlements?
Below you will find frequently asked questions on life settlements. If you have additional questions or prefer to speak with one of our knowledgeable representatives, please call (800) 694-0006.
No, we are here to help and do not charge for any of our initial consultation or policy value estimation services. You’ll only pay if you decide to sell your policy and choose to partner with Harbor Life during the life settlement process.
Our professional team will work with you and provide you with a policy value estimate. The offer on your policy is based on many things including your age, health, policy size, and premium cost. It only takes a couple of minutes and a little bit of information to fill out our simple form to receive your free estimate.
When selling a life insurance policy, you can choose to do so through a provider, broker, or life settlement company. Providers are third party organizations and investors who actually buy the policy, but working with them means you’ll only get a single offer. Instead, you may choose to work with a broker who works with multiple providers to give you additional offers. For best results, you should work with a life settlement company such as Harbor Life who uses its network of providers and brokers to get you the most offers and highest value for your policy.
Harbor Life also utilizes its relationship with its sister company (Harbor Life Brokerage, a registered broker), to help ensure you get a good offer for your policy if the others are not satisfactory.
The first step of selling your policy is to simply answer a few questions about yourself. It takes less than five minutes to get the process started by filling out our form, and once completed we’ll get in touch with you soon to provide more information on the value of your policy.
Yes, Harbor Life keeps all of the information and conversation with our clients strictly confidential. We will never share or sell your information to anyone. We will use the information you provide to connect you to the most qualified buyer in your area.
Harbor Life Settlements can provide a free, no risk or obligation consultation and help you find out your options on selling your life insurance policy. By selling your life insurance through a life settlement, you’ll receive a lump cash sum that can be used however you would like.
News & Articles
Life insurance is a long-term asset. Over the decades a life insurance policy is in force, your client’s financial situation is likely to evolve. Sometimes, that evolution is so significant that the existing life coverage is no longer a good fit.
An inforce illustration is an estimate of how a life insurance policy’s cash value balance will change over time. The illustration can be incredibly useful in your financial planning, because — unfortunately — life insurance policies can go sideways.
A long-term care rider is a life insurance feature that helps pay for ongoing, medically necessary care from a home health aide, skilled nursing facility, or nursing home. Any LTC payouts are treated as prepayments against your life insurance policy’s death benefit.
A chronic illness rider is a feature available on life insurance that funds long-term care costs when you have a permanent or terminal illness. Some chronic illness riders specify the conditions or diseases that are eligible for benefits, but many do not.
Read on for a walk-through of the mechanics of borrowing from life insurance, including the terms, tax consequences, borrowing limits, and the pros and cons. With that base of knowledge, you’ll be ready to decide if a life insurance loan is right for you.