An unneeded life insurance policy can cover your expenses
Has your credit card bill gone up due to unplanned expenses? Are you holding off on home improvements, car repairs, or other expenses because you're worried about accumulating more debt? Selling an unneeded life insurance policy can give you the additional cash you need to pay for the things you need without taking out a loan.
If you're not into debt, then you're not alone.
According the NCOA, 23% of aging Americans forgo important expenses such as car or home repair, which can lead to an increase in accidents.
We’ve pulled together some basics to help you get started
What is the difference between surrendering and selling my life insurance?
It's common for people to confuse surrender vs. sell. Surrendering your policy means going to your insurance company and “handing in” the policy. The insurance company will return whatever cash value you've accumulated, less some processing fees.
Selling your policy is different, as it's more like selling your house. This involves working with someone like Worthright to evaluate the policy (which is an asset), and finding an investor to buy the policy asset for more than what the insurance company would give you. Read more on "What is a Life Settlement" or call us for a short discussion to elaborate.
What is a Life Settlement exactly?
A life settlement is a transaction where you sell your life insurance policy to someone else. You receive cash for the policy you just sold, and the new owner takes over premium payments and gets the post-mortem benefit.
How do I know if I qualify to work with Worthright?
If you are over the age of 65, or are caring for a loved-one who is over the age of 65, it's likely you qualify to work with Worthright.
In the event we're unable to help you directly, we'll introduce you to a number of pre-vetted resources that could. Feel free to give us a call or email and we can get started in learning about you.
So what exactly does Worthright do?
A Specialist Case Manager will spend time learning a little about you and your family, understanding your challenges and goals during your retirement years, and pull a set of recommendations together for you and your family to review.
We have a number of tools and services that we walk you through in an effort to find you the financial opportunities you didn’t know you had.
Start your appraisal now
Provide your information below and we'll reply within 24 hours.
Thank you! Your submission has been received! We'll get back to you within 24 hours!
Oops! Something went wrong while submitting the form.
Worthright is a marketing company. We are neither a life settlement broker nor a life settlement provider, and we do not represent the policy seller. We will help you understand your options and refer you to the most appropriate licensed entity that will meet your needs.