Prudential Life Insurance Settlement

If you, a client or family member is currently evaluating the benefits of a senior life settlement by selling a life insurance policy from Prudential Insurance Company of America, contact Ideal Settlements today. Ideal works with policyholders that are interested in selling their prudential life insurance policies for more than what the surrender value of the policy is worth. If you are evaluating the possibilities of a life settlement or viatical settlement transaction, we can help.

Prudential is one of the top life insurance companies within the industry. It has been providing services for over 135 years and is rated one of the most financially secure companies within the life insurance industry. The company offers both term and permanent life insurance.  The different types of policies include term insurance, universal life insurance, variable life insurance and survivorship life insurance.

*Prudential issues their term life insurance through Pruco Life Insurance Company. A term policy can be sold in the secondary markets just as long as it’s convertible.

A life settlement transaction is provided to policyholders as a mark up from what the surrender value of the policy offers. An insurance policy can be shopped in the secondary markets through a brokerage firm that is licensed in the respected state. By shopping your policy amongst institutional funds that offer insurance policy buyouts, you put yourself in the best possible position of recognizing the highest cash value of the policy.

Some basic qualifications for selling a life insurance policy from Prudential:

  • Insured must have a life expectancy of no more than 12 years (preferably 3 years)
  • Broker must obtain medical records and life expectancy reports to evaluate the case
  • Change in health since the purchase of the policy
  • Over 60 years of age (preferably 74) unless policyholder is terminal

The different types of policies that are considered:

  • Term Insurance (convertible)
  • Whole Life
  • Universal Life
  • Variable
  • Survivorship
  • Joint Survivorship
  • Key Man Settlements
  • Others

While Prudential has a great reputation within the life insurance industry, their surrender values are still lower from what a life insurance policy is worth on the secondary markets. If you are currently evaluating companies that can purchase an existing life insurance policy from Prudential, contact Ideal today.

For additional information on life and viaticals within your state, please follow the links below: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming and the District of Columbia D.C.

 

Ideal Settlements may not be able to complete a viatical or life settlement

transaction in some states. Please contact us for more information.

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