Life Settlements
What it is
A life settlement is a lump sum cash settlement paid to a life insurance policy owner in exchange for contract ownership rights. The purchaser becomes the new owner, pays ongoing premiums, and collects future policy benefits.
How it works
Maple Life Financial purchases qualified policies for a cash settlement in exchange for contract ownership rights. As new owner, Maple Life Financial pays ongoing premiums and receives future policy benefits. The process is easy and confidential. Best of all, sellers are free to use the proceeds however they wish.
Who it’s for
Our broad purchasing requirements generally cover seniors age 55 or older, who have:| > | Experienced a health condition change. | |
| > | A life expectancy greater than 2 years. | |
| > | Own a transferable universal life, second-to-die, or term life insurance policy.* | |
| > | Face amount(s) between $100,000 - $50 million. Policies exceeding $50 million will be considered on a case-by-case basis. |
*Policy must have a carrier rating of BBB+ or higher from Standard and Poor’s or an equivalent rating from another rating agency. Term policies must be convertible.
Life insurance is an asset and can be sold for cash. Discover how valuable an unneeded or unwanted policy can be.