Advantages Of Bonded Life Settlement Policy Are Incomparable

Category: Finance, Insurance.

Many seniors have started considering new sources of income because of the changing lifestyle requirements. These life settlement schemes are relieving them from the hassles of arranging money for their basic requirements.

They are moving towards life settlement schemes to fulfill their post retirement livelihood needs. Besides life settlement policies, seniors also have a better way to get money and that is bonded life settlement policy. Bonded life settlement policy is beneficial for both, policyholder and investor as both of them find a great opportunity to have easy income. This policy helps them in getting instant money by selling the policy to any investor, as ownership of this kind of life settlement policy is transferable. A bonded life settlement is all about purchase of life settlement policy by an interested person i. e. investor. The related insurance company supports the entire process of selling bonded life settlement policy and puts together the terms and conditions for a fair deal.

When a policyholder needs instant money or do not need the policy anymore than he or she decides to sell it to someone. The owner of the policy sells it on discount rate as he or she has already used the equity on it. Policyholder can also sell only a portion of that policy to investor so that he may also keep a source of income for himself. Amount that the policyholder was getting as interest will be paid to the investor after accomplishment of deal as he will be the new owner of that bonded life settlement policy. Though it is also a better way but some conditions are also applicable here, if the policyholder, for instance sells only a portion of his policy then his expected life anticipation should be at least 36 months. This facility helps the investor in receiving the true values of his investment.

In that situation, the investor will get the privilege of selling his share of policy to third part or insurance company. Advantages of bonded life settlement policy are incomparable. If you are a senior and have diagnosed with medical problems then you can sell your policy and can get the maximum out of your policy. Whether you are a policyholder or an investor, this deal will give you great benefits. From an investor s standpoint, it is a wise deal as the insurance company entrusts that the policy will be purchased on full face value within specific period of time. It also provides returns as other fixed or variable assets, the only difference is that the returns in case of bonded life settlement are very high valued. As every insurance policy is considered as property, it can also be sold like other properties.

Bonded life settlement policy is a safe place to invest your money. Bonded life settlement is factual key to be a better and sensible investor. Present share market and investors are witnessing its benefits as investing in bonded life settlement policy is the elite aspect of investment in which risk factor is negligible in comparison to returns.

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