Almost Instant Retirement Cash

Chances are that there’s a little piece of paper hanging around your house, or maybe in a Safety Deposit box. It’s often overlooked and ignored.  You can cash in on this little “hidden” gem.  There are actually companies out there that will pay you a handsome portion for this little piece of paper.

Most folks have been paying for this for YEARS.  Despite that, they have nothing to show for it, but this little piece of paper and a promise.

WHAT am I talking about?  Your LIFE INSURANCE policy!  Did you know that there are companies out there that will give you money NOW in return for your life insurance policy?

Contact your insurance agent and they’ll take to you about surrender value or taking a loan out on your policy.  Both of these will get you SOME cash. But, a relatively insignificant portion.

There’s a better solution if you’re in need and have a policy that will pay out over $50K as a Death Benefit.

Yet, don’t think this is a magic bullet.  While the legality of doing something like this has been upheld by the Supreme Court, the industry operates in unregulated waters.  Not too many people even know about this concept, called a “life settlement.”   So, it is wise to do your homework and some thorough research on the firms you are dealing with BEFORE you even contact your first one.  Certainly, you should consult with the appropriate professionals prior to actually completing the transaction.

Yet, for some of you, this may very well be a way to get some much needed money to help fund your retirement years.

One other thing to consider: some life insurance policies allow you to get a portion of your benefits, some up to 75% of the amount due upon your death, PRIOR to your actual demise, in the event you are faced with a terminal illness.  So, check THAT option out FIRST if you happen to be in such a circumstance.