On Oct 15, 10:37 am, kastnna <kast...[at]auburnalum.org> wrote:
- quote -

I was looking at the website http://www.jgwentworth.com/Life-Insu...ettlement.aspx
but don't know if that company would meet the OP needs.

--
Ron

On Oct 15, 9:29 am, Ron Peterson <r...[at]shell.core.com> wrote:
- quote -

Ron do you know of any companies that will settle a policy like this
one? My knowledge of this industry is limited as I have only dealt
with a small number of companies (Coventry First, Life Settlement
Solutions, and one other that does not immediately come to mind). All
of the companies I deal with suggest the following for a successful
life settlement:

1. A medically recorded decline in health since policy issuance. If
the original insurer believed the insured would live a normal life
expactancy, but new information suggest they will not, than the
settlement company knows that they will need to make fewer premium
payments than the insurance company expects to receive. The OP
suspects she is in excellent health, however.

2. Policy face amounts must be larger than $250k. Because of the fixed
costs associated with settling the case, all of our companies insist
the policy be larger than $250k (I definitely can't say this is the
case for ALL companies).

3. The insured needs be over age 65. Life expectancy estimates become
more accurate as the insured ages. Most companies are hesitant to make
life expectancy calculations on someone as young as the OP. They are
also reluctant to pay premiums for the next 25 years because the
insured is only 60 (and in good health).

Our firm has been hesitant to deal with any but the largest of the
settlement companies and rightfully so, I think. I wouldn't want
"Soprano Life Settlement Company, LLC" to have a vested interest in my
demise! Even the largest company out there, Coventry First, is now
under fire for unethical practices. Having said that, if there are
reputable companies that are willing to analyze smaller cases like
this one, I would appreciate the chance to give them a look.

Thanks in advance.

On Oct 15, 9:29 am, Ron Peterson <r...[at]shell.core.com> wrote:

- quote -

On Oct 15, 9:29 am, Ron Peterson <r...[at]shell.core.com> wrote:
- quote -

Ron, do you know of any companies that will settle a policy like this
one? My knowledge of this industry is limited as I have only dealt
with a small number of companies (Coventry First, Life Settlement
Solutions, and one other that does not immediately come to mind). All
of the companies I deal with suggest the following for a successful
life settlement:

1. A medically recorded decline in health since policy issuance. If
the original insurer believed the insured would live a normal life
expactancy, but new information suggest they will not, than the
settlement company knows that they will need to make fewer premium
payments than the insurance company expects to receive. The OP
suspects she is in excellent health, however.

2. Policy face amounts must be larger than $250k. Because of the fixed
costs associated with settling the case, all of our companies insist
the policy be larger than $250k (I definitely can't say this is the
case for ALL companies).

3. The insured needs be over age 65. Life expectancy estimates become
more accurate as the insured ages. Most companies are hesitant to make
life expectancy calculations on someone as young as the OP. They are
also reluctant to pay premiums for the next 25 years because the
insured is only 60 (and in good health).

Our firm has been hesitant to deal with any but the largest of the
settlement companies and rightfully so, I think. I wouldn't want
"Soprano Life Settlement Company, LLC" to have a vested interest in my
demise! Even the largest company out there, Coventry First, is now
under fire for unethical practices. Having said that, if there are
reputable companies that are willing to analyze smaller cases like
this one, I would appreciate the chance to give them a look.

Thanks in advance.

On Oct 1, 1:33 pm, sandybeth <sandy...[at]yahoo.com> wrote:
- quote -

Check on getting a life settlement for your policy from a third party.
You may get more than the surrender value.

--
Ron