A life settlement is a financial transaction where a policyholder will sell their life insurance policy in exchange for a lump sum, cash settlement. Generally, life settlements offer policy owners a way out of their financially crippling life insurance policy without requiring them to lapse or surrender their insurance.

Typically, when selling a life insurance policy, the purchasing party–investor–will pay the policyholder a determined price in order to assume the position as the beneficiary of the policy. Once sold, the investor will be responsible for paying any future premiums on the policy. So, if you are in need of a way to escape from your costly life insurance policy, then Reeves Financial Group can help you sell it in exchange for a life settlement.

Life settlements allow you to receive instant cash in the form of a lump sum and eliminate the need to pay ever rising premiums.

Most importantly, a life settlement will give you full access to your investment, allowing you to plan for your family’s future, pay off any accumulated debt, and provide you with a financially fruitful retirement. With a life settlement, you can break you free from the financial restraints that insurance companies place on you. 

Life settlements have changed the way we think about life insurance. For consumers, life settlements have unlocked the market value of life insurance, transforming unneeded policies into assets with significant value. For advisors, life settlements open a host of new strategies for strengthening portfolios and building client relationships.

There are a variety of situations which may lead someone to reevaluate their life insurance needs, including:

• Long term care funding – a policyowner who needs assistance funding long term care can sell their life insurance and use the proceeds to help offset the cost.
• Recouping term premiums – a policyowner who no longer needs their convertible term policy can use a life settlement to eliminate future premiums and recoup a portion of their overall premium outlay.
• Restructuring cash flow – a policyowner with limited cash flow can use the proceeds from a life settlement to fund a reduced policy with lower premiums.
• A need to eliminate premiums and retain a portion of coverage – a policyowner may find they need to retain a certain level of coverage. Through a life settlement, a policyowner can keep a portion of their coverage while eliminating future premium obligations, in lieu of a cash payment.

We make the process simple. Basic information about the policy and the insured’s health is submitted to Reeves Financial Group. Upon review, the policyowner will receive an offer from one or several institutional investors either in the form of a cash payment or the amount of death benefit they can retain with no future premium obligations.