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  • Mark Dierolf

Get more for a life policy

People often let a life insurance policy go for little or nothing at all, when they could have got more. Don't let a life policy go until its value is known.

When an insured reaches age 60, or any age when there is a chronic illness, a life insurance benefit that is no longer needed may be worth more when sold to a third-party. This is called a "life settlement."

Life settlements are regulated by state governments and handled by an agent of the buyer or the broker of the policyowner.

No more worries about premiums after a settlement. The buyer takes over, paying cash now, or sharing some of the benefit later.

Buyers are willing to risk losing money from the sale of a policy when the reward is more than they can earn elsewhere. But buyers don't have pay fair value for your policy. That is why you need a broker to help you.

Policy owners are often forced to sell when:

  • They no longer afford the premiums;

  • A divorce, separation or death occurs;

  • The policy can no longer pay for itself; or

  • Cash is needed more than the benefit.

But an owner should sell a policy when:

  • Its purpose has ended; or

  • The cost may be more than the benefit.

A policy can lose value if you are not prepared. My services include:

  • A review of your policy from any insurer or agent;

  • Advice on fixing issues affecting a policy's value;

  • Finding settlement offers without obligation; and

  • Help growing a new benefit from a settlement.

A policy review protects you, your policy and it's free.

Call Mark Dierolf @ (831) 753-0507

Remember, don't let a policy go until its value is known.


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