Know the true value of your life insurance policy before surrendering or letting it lapse!
Each year American seniors allow more than $100,000,000,000 in life insurance policies to lapse. For many, this happens because they don’t know that they have other options. With a life settlement, policyowners can receive cash for their unwanted or unneeded policies.The amount they receive can far exceed the surrender value.
We are working with Coventry to help bring life settlements to more Americans. Coventry created the secondary market for life insurance, coining the term “life settlement” to describe the transaction that enables policyowners to sell their unneeded life insurance policies. For more than 20 years, Coventry has been the life settlement market leader; driving the industry forward and expanding opportunities for policyowners. Since its founding, Coventry has completed more than $40 billion in longevity-linked transactions.
Advantages of Selling Your Life Insurance Policy
Selling your life insurance policy through a life settlement offers several benefits:
Maximize Tax Benefits – Donate the proceeds to charity and enjoy a charitable tax deduction while reducing your estate size, potentially lowering estate taxes and avoiding probate.
Unlock Dual Liquidity – Receive a cash payout while eliminating the burden of ongoing premium payments, freeing up funds to support causes you care about.
Preserve Your Investments – Use life settlement proceeds for charitable giving without disrupting your investment portfolio, allowing your other assets to continue growing.
Advantages of Donating Life Settlement Proceeds Instead of Naming a Charity as Your Beneficiary
Choosing a life settlement over transferring ownership or naming a charity as the beneficiary of your life insurance policy offers several benefits:
Eliminate Future Premiums and Management – Avoid the ongoing cost and effort of maintaining the policy, ensuring your contribution isn’t diminished by premium payments or administrative tasks.
Provide Immediate Impact – A life settlement allows you to donate a lump sum, giving the charity instant cash flow to address urgent needs and make an immediate difference in their mission.
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