Life Settlements

What is a Life Settlement?

A Life Settlement is the sale of a life insurance policy to an accredited buyer.

What kind of life insurance policies can be sold?

Both Permanent/Whole Life policies and Term Life policies can be sold.

Why it is important to consider a Life Settlement?

A life insurance policy is an invisible asset that has cash value to the owner. All too often, people no longer have a reason to keep a policy due to changes in life and circumstances.  Additionally, as people get older the premiums become very expensive. If a person lets a policy lapse, they lose everything. If they surrender a policy, the surrender value is usually less than 5% of the face amount.  Knowing that the average settlement is 22% of the face amount of a policy, it is easy to understand why a Life Settlement is a wise choice.

Term Life Insurance Settlements

Never let a term life insurance policy expire without trying to sell the policy. We usually get at least your premiums back plus a profit. “If you don’t use it, you will lose it!”

Why would a buyer want to purchase a term life policy that is about to expire?

Many times, a term policy can be converted to a permanent policy. If a buyer purchases your term policy, the buyer will pay the cost of the conversion, and continue to pay the annual premiums. The seller of the policy receives cash for their life insurance policy and will never need to make another payment.

General Age Qualifications

As a result of modern-day medicine, Americans are living longer than ever. If you are healthy, you generally will have to be a minimum of 65 years old to qualify for a Life Settlement. Investors are usually most interested in policies where the insured is in their 70s or older. But if you’re 65 or older, you should check to see if it’s an option for you. The older you are, the more valuable the policy is to a buyer.  If you’re under 65, you still may be eligible to sell your policy if you have a serious health issue or are terminally ill.

PAA’s simplified/streamlined Life Settlements process

  1. Professional consultation & qualification
  2. Service authorization agreement
  3. Policy submission for private Buyer/Provider bidding
  4. Close on highest value cash offer for your policy

Call 855-209-7355 or Use Our Secure Contact Form Today!

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Paul Ashley & Associates

Paul Ashley & Associates is a Licensed Life Settlements Broker dedicated to helping you get the highest cash value for your policy. We have over 25 years of combined experience within the Life Settlements industry and have earned a reputation for outstanding client service.

You can contact our practice online, or schedule a free consultation by calling (855) 209-7355.

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Brazoria Office

550 County Rd 912A
Brazoria, TX 77422

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