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Tuesday, October 6, 2009
Life Insurance Settlement
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"How a viatical Life Insurance Settlement can help you?"
When we think of life insurance, often we think of pushy salespeople,
hidden small print and red tape. But the true benefits behind life
insurance are far reaching.
According to Wikipedia a Life Insurance Settlement is: "A life
settlement is a financial transaction in which a policy owner
possessing an unneeded or unwanted life insurance policy sells the
policy to a third party for more than the cash value offered by the
life insurance company." There are many more facets to life insurance
settlements that you may not have considered. While the traditional
payment at the time of death can be very useful, there are times when
an early settlement is even more practical.
Terminal or long term illness can become financially draining. The cost
of medications, hospitals, and doctors can become overwhelming -
particularly if you do not have a comprehensive medical aid scheme. And
then there are all those little extras to help you to be more
comfortable during this time. While you might want to leave some money
in the case of your death, by cashing out on your life insurance
settlement, you can afford all the things that will make this time more
comfortable.
So what is a viatical life insurance settlement?
According to the American Heritage Dictionary, a Viatical settlement is
"Of or relating to a contractual arrangement in which a business buys
life insurance policies from terminally ill patients for a percentage
of the face value". Viatical life insurance settlements are great for
consumers because it means you bypass the insurance company, which
would take a hefty fee for early cash out.
Viatical life insurance settlements have become popular all over the
world. This is when elderly or terminally ill patients can cash out
their life insurance settlements to pay medical or living expenses.
Viatical settlements mean someone else is purchasing your life
insurance, or part of it, giving you the cash to meet your immediate
needs. You will also save on the monthly payments, as the new policy
holder takes these over. How many ways can you spend that money?
At Quote me a Price, we are flexible about how you use your life
insurance settlement. If you need to cash out to use your life
insurance for unforeseen expenses we can help, you find the best deal
through our comprehensive referral system. We want you to get the
maximum cash benefits. Our financial partners will buy your life
insurance payments and give you cash. There's no risk for you, just
cash when you need it most.
Visit our website at http://www.quotemeaprice.com/index.html and let us
give you a quote. Why spend your remaining time scrimping and
struggling to get by when you can have a sizeable Life Insurance
Settlement paid out now?
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