Clients Too Healthy For a Life Settlement? Not Anymore!
Historically, qualifying for a life settlement meant the insured needed to have health impairments that affected their LE.
But that has changed. Lighthouse Life is now able to offer settlements with no medical underwriting, which means insureds—regardless of health status or history—may be able to qualify to sell their policies.
Fast Life Settlements With No Medical Underwriting
Insureds without significant health impairments can sell their life policies with no medical underwriting.
This is a great option for:
- Policyowners who want a FAST settlement
- Insureds who do not qualify for traditional settlements
- Policies that are no longer needed
- Underwater split dollar arrangements
- Policyowners who want to replace a current policy with a new insurance policy or annuity
Martin sold his policy for more than 50x its cash surrender value
Martin, a fairly healthy 86-year old man, owned a $200,000 universal life insurance policy. He initially took it out to help protect his wife financially should he pass before her. When she predeceased him, he no longer needed the policy.
He had keep it in force for several years by using the accumulated cash value to pay the premiums, but the cash value was running low. Martin wanted to find a way to benefit from the policy without needing to make large, out-of-pocket premium payments which were scheduled to balloon significantly over the coming years.
Instead of letting the policy lapse and accepting the dwindling cash surrender value of $1,800, he contacted Lighthouse Life. After a free, thorough, and zero-pressure policy evaluation, Lighthouse Life purchased the policy from Martin for $101,000 – more than 50x the surrender value.
Who Can Qualify?
- Insureds without significant health issues
- Insureds age 70 or older
- Policy death benefit: $200,000 to $10M
*Additional qualifications may apply
Submit Policies To Lighthouse Life
Have healthy senior clients with policies you’d like us to evaluate? You can submit them to Lighthouse Life with the click of a button!
Join The Lighthouse Life Advisor Program
We have the premiere referral program in the industry – the Lighthouse Life Settlement Advisor Program.
Are you taking advantage of everything it has to offer?
Lighthouse Life Advisor Program benefits include:
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If you haven’t signed up for the Advisor Program yet, you can request more information here, or to talk to your Lighthouse Life Account Executive–they’ll be happy to walk you through it, answer any questions, and send you the Advisor Program agreement so you can quickly start earning referral fees.
We’re here to help
Do you have questions about life settlements or want to discuss a potential case? Contact us now, or call us at (855) 230-0800.
