If you are a senior or financial professional and searching for a life settlement in Wyoming, begin by applying with Ideal Settlements today. Ideal is a client centric company that helps clients with the sale of unwanted or otherwise unaffordable life insurance policy. Ideal Settlements is an experienced life settlement company that works with seniors and financial professionals throughout the state of Wyoming who are interested in a competitive bid process. Ideal works with over 50 institutional buyers that compete for the purchase of our senior client’s life insurance policies.
A life settlement in Wyoming is the sale of a life insurance policy for less than the face value but more than the cash surrender value of that policy. A life insurance policy can be sold in the secondary market at a higher buyout than selling the same policy back to the insurance carrier that issued the policy.
Some of the different life settlements available to seniors in Wyoming include:
Ideal is experienced in handling life settlement transactions in Wyoming and we have the skill set to negotiate the highest payouts for our senior clients. Ideal is a transparent company that is up-front with each client. We can pre-qualify you based upon several factors.
Some of the different qualification factors include:
- Age of the insured should be 65 years or older unless they have serious health conditions
- A life expectancy of 12 years or less or be terminally ill at the time of the sale
- The face value should be at least $100,000 - no maximum
- Change in health status since the life insurance policy was issued
When you work with Ideal we will pay the upfront costs associated with the life settlement transaction. A life settlement company or broker should be responsible for paying all costs associated with obtaining medical documents, life expectancy reports and other documentation necessary for a transaction. The other costs associated with a life settlement include processing, packaging and sending out packages on behalf of the senior client. Whether the company is working directly with the client or with a financial professional, they should take on the full expense of a life settlement transaction. At Ideal we take on all expenses without obligation. If for any reason you decide against a senior life settlement during or after the process is completed, you owe us nothing.
Some of the different financial professionals throughout Wyoming that offer life settlements to their senior clients include:
- Tax Attorneys & Lawyers
- Financial Planners
- Financial Advisers
- Accountants and CPA's
- Life insurance Brokers and Agents
- Estate Planning Professionals
Some of the reasons why our senior clients choose life settlements in Wyoming include:
- Eliminates high premium payments
- Medical expenses & ongoing medical expenses
- Charity
- Policyholder has outlived the beneficiary
- Estate size has changed
- Long-term care
- Assistant living & retirement home costs
- Family members need the money
- Falling into debt or bankruptcy
- Provides money for other investment opportunity
- Payout is much higher than selling the policy back to the insurance carrier
Life insurance companies do very little educating seniors the benefits of life settlements. Insurance companies make profits on lapsed policies. If a policy lapses for any reason the insurance company will not pay the death benefits to the beneficiary at the time of death. If you no longer can afford the life insurance premiums you may consider selling your policy back to the insurance carrier that issued the policy. The other alternative is having your policy shopped in the secondary market for a larger payout. If you are interested in a life settlement in Wyoming, apply online with Ideal today. *The qualifications & requirements for a Wyoming life settlement is different than a viatical settlement.
If you are searching for a Wyoming senior life settlement, contact Ideal today. A Wyoming life settlement can provide money to seniors that have a pressing financial need. We have provided a list of areas in Wyoming that have highly populated areas of seniors: Buffalo, Casper, Cheyenne, Cody, Douglas, Evanston, Gillette, Green River, Jackson, Lander, Laramie, Newcastle, Pinedale, Powell, Rawlins, Riverton, Rock Springs, Sheridan, Thermopolis, Torrington, Wheatland and Worland. As regulations can change, Ideal may not be able to complete a viatical settlement or life settlement transaction in some states. Please contact us for more information. Copyright 2009 © Ideal Settlements
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