Resources

Life Settlement Overview
Life Settlements have now gained acceptance in both the financial and insurance communities, as well as the legal and accounting fields. If you are seeking alternatives to maximize your underutilized assets, it is wise to explore all avenues, rather than allowing your coverage to lapse or surrendering the policy for the cash surrender value. Many transactions actually bring 500% of the cash value or more. In the past, policyholders had two basic choices; let the policy lapse or surrender the policy for the cash surrender value. Now you have a third choice: the sale of the policy into the secondary market to the highest bidder.

How to proceed
After a complete financial review, The Rushmore Group will determine if you have the correct life insurance coverage to fit your current financial situation. A life settlement transaction may make perfect sense, if you have coverage that you no longer wish to retain or if you would like use the proceeds to finance a new guaranteed policy, with a lower premium and/or a higher death benefit.

If you would like to find out if a life settlement may work for you, take a moment to submit the quote section of this site or contact our office directly at 800 824-3911.

Individual and Family Applications
Fund a new life insurance product that better suits your client's needs
Purchase long term care insurance
Generate funds for charitable giving
Turn an expensive asset into liquid funds
Gift to a family member
Retire other debt
Generate liquidity to invest elsewhere
Purchase a joint survivorship policy
Business Applications
Eliminate company debt
Buy/Sell agreement no longer needed
Fulfill liquidity needs
Key-man insurance no longer needed
Charitable Applications
Find new funding for capital needs
Reallocate unproductive endowments funds to better performing investment vehicles
Develop stronger relationships with donors through more creative planned giving programs