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 New York Life Settlements

New York Life Settlements

New York Life Settlements

New York Life Settlement are as complicated an issue these days as they are in other states.  Countless senior from around the country are realizing that there is a hidden value in their life insurance policies.  Through a life settlement, a life policy can be sold to a financial company for its fair market value, rather than the relatively small cash surrender value.  Even though this has proved beneficial to many seniors, New York still does not regulate the use of this kind of settlement.  Only a viatical settlement, were the owner has a very limited life expectancy, requires this kind of licensing.

The purpose of a life settlement is to allow the owner of life insurance to use the value of that policy as they see fit, just as they would any other asset.  This is accomplished by selling the policy to a financial institution for an amount less than the death benefit, but far greater than the mere cash surrender value.  This practice is often employed when a new set of senior care requirements is needed.  Even with a robust retirement plan circumstances may change the level of senior care required.  Long term care needs can often necessitate the need to qualify for Medicaid.  When this happens life insurance policies are frequently abandoned in order to meet Medicaid requirement.  The use of a life settlement provides another option, allowing the value in the policy to be used to pay for the kind of long term care you would like, from assisted living to at-home care.

Life Settlements and their regulations have changed a lot in recent years.  When you find that you no longer need your life insurance policy, explore your options from a trusted source to find out the options you may not know you had.

New York Department Insurance

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Know Your Options

  • Life Settlements
  • Life Settlement Loan
  • Viatical Settlements
  • Medicaid Life Settlement
  • Get Your Policy Appraised

Need To Know

  • Life Insurance is an assest
  • You can sell your life insurance to pay for long term care
  • It is possible to use a life insurance policy to secure a loan
  • Life Insurance can help you access liquid funds now
  • Elders are discovering unexpected hidden value in their life insurance policies
  • A medicaid life settlement can pay directly for in-home long term care or nursing home care
  • A Life Settlement means no more high monthly premium payments
  • Never surrender a life insurance policy without having an appraisal of it's value

Know Your Options

  • Life Settlement Calculator
  • Get Your Life Insurance Appraised
  • Life Settlements
  • Life Settlement Loan
  • Viatical Settlements
  • Medicaid Life Settlement
  • Life Settlement Blog
  • Life Settlement Case Studies

Learn More About Life Settlements

  • How Can a Life Settlement Provider Help You?

  • Are There Any Taxes Associated with Life Insurance Settlements?

  • What are the risk factors for life settlement investments?

  • What are Life Insurance Settlements?

  • How to Find Your Life Insurance Policy Value

Do Your Homework

Life Settlement Appraisal offers education and helps you pinpoint the value of your life insurance policy as a life settlement. Surrendering an unneeded life insurance policy before having it appraised is like throwing money in the trash. Many options are available to help you find the hidden value in your life insurance policy, and we want you to fully understand all of them. Please do not make the mistake of canceling your policy, find out what its worth.

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(c) 2013 Life Settlement Appraisal - Seniors Finding Hidden Worth
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