Sell a policya

[vc_row full_width=”stretch_row” css=”.vc_custom_1524830336240{padding-top: 40px !important;padding-bottom: 40px !important;background-image: url(https://www.magnalifesettlements.com/wp-content/uploads/2018/04/sell_policy.png?id=5174) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}” el_class=”policy”][vc_column][vc_custom_heading text=”SELL A POLICY” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes” el_class=”sell_policy”][vc_single_image image=”5184″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1525098937396{padding-top: 10px !important;padding-bottom: 10px !important;background-color: #00527a !important;}” el_class=”invest_row” el_id=”owner-policy”][vc_column][vc_custom_heading text=”POLICY OWNER” font_container=”tag:h4|text_align:left|color:%23ffffff” use_theme_fonts=”yes” el_class=”heading” css=”.vc_custom_1525085041888{padding-bottom: 10px !important;padding-left: 20px !important;}”][/vc_column][/vc_row][vc_row full_width=”stretch_row” el_class=”invest”][vc_column][vc_tta_tour color=”white” active_section=”1″ el_class=”tabs-vert tabs-invest invest_new”][vc_tta_section title=”What is a Life Settlement” tab_id=”life-settlement”][vc_column_text]

A Life Settlement is the sale of a life insurance policy to a third party for a value in excess of the cash surrender value, but less than the death benefit

 

Life Settlements represent an important solution for a growing number of people who thought they were stuck with a life insurance policy they no longer need. Many people do not realize a life insurance policy is their personal property and can be sold.

  • The seller receives cash
  • The buyer pays all future premiums
  • The buyer receives the death benefit upon the death of insured

[/vc_column_text][/vc_tta_section][vc_tta_section title=”Who Qualifies for a Life Settlement” tab_id=”qualifies-life-settlement”][vc_column_text]What is the Qualification Criteria?

Age
65 years or older (Younger insureds may qualify depending on certain medical conditions)
Health Status
Life expectancies up to 180 months
Type of Insurance
Universal Life (UL), Survivorship Universal Life (SUL), Convertible Term Life, and Whole Life (WL)
Death Benefit (Face Amount)
$100,000+
Policy Premiums
Illustrated premiums that are less than 5% of the face amount
Date of Issue
The policy must be in force for 25 months before it qualifies for a settlement. Some states require the policy to be in force 4-5 years.
Type of Ownership
Individual, corporate, foundation, trust, non-profit organization or business
Carrier
U.S. based only, A.M. Best Rating of B++ of better

[/vc_column_text][/vc_tta_section][vc_tta_section title=”What is the Process” tab_id=”process”][vc_column_text css=”.vc_custom_1525315566179{padding-top: 40px !important;padding-bottom: 40px !important;}”]

  1. Estimate Policy Value

  2. Provide Basic Policy Information

  3. Submit Application

  4. Furnish Insurance Policy Illustration

  5. Accept Formal Offer

[/vc_column_text][/vc_tta_section][vc_tta_section title=”How Much Is My Policy Worth” tab_id=”worth”][vc_column_text css=”.vc_custom_1525095864404{padding-top: 40px !important;padding-bottom: 40px !important;}”]Magna Life Settlements prices policies using a proprietary actuarial formula. There are more than 20 factors considered when generating an offer on a policy. Three of the top factors used in evaluating a policy include the face amount (death benefit), the amount of premiums due each year on the policy, and the life expectancy of the insured. Every policy and insured is unique which makes it impossible to estimate the value of a policy without an application, medical questionnaire, and in-force illustration.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Estimate My Policy Value” tab_id=”qualify”][vc_column_text css=”.vc_custom_1525340628763{padding-top: 40px !important;padding-bottom: 40px !important;}”]Estimate My Policy Value[/vc_column_text][/vc_tta_section][vc_tta_section title=”Sell My Policy” tab_id=”sell”][vc_column_text]The first step in the process is determining if a life settlement is a viable option for your policy. The items we need in order to evaluate your policy are an application, a medical questionnaire, and an in-force illustration. Once all three requirements are received, Magna will evaluate your policy and determine a possible range of offers. The initial evaluation will take 5 – 7 business days.[/vc_column_text][/vc_tta_section][/vc_tta_tour][/vc_column][/vc_row][vc_row full_width=”stretch_row” el_class=”invest” css=”.vc_custom_1525091905671{padding-top: 15px !important;padding-bottom: 0px !important;background-color: #efefea !important;}”][vc_column][vc_row_inner][vc_column_inner width=”1/3″][vc_single_image image=”5188″ img_size=”full” alignment=”center”][vc_column_text]

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See How Much Your Policy May Be Worth

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