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Tuesday, October 6, 2009

Life Insurance Settlement

"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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