Tuesday, May 15, 2007

J.G. Wentworth Life Settlements (DE), LLC now purchases life insurance policies

I'm sure that you've seen commercials for J.G. Wentworth on television. For over 15 years they have been purchasing annuities and structured settlements. In their commercials they offer lump sums of cash now to purchase annuities or Structured Settlements at J.G. Wentworth. Now, the nation's largest purchaser of future payments, also purchases life insurance policies.

Through their newest subsidiary, J.G. Wentworth Life Settlements (DE), LLC, they purchase life insurance policies from consumers. The owners of life insurance policies that were never used either allow them to lapse or surrender them to the insurance company for a cash surrender value. J.G. Wentworth Life Settlements (DE), LLC offer insurance owners the option to sell their policies in exchange for a lump sum of cash, that is typically more than the cash surrender value that may be offered by the insurance company.

If you are considering selling a life insurance policy you will want to do careful research into the process, as the transfer process for life insurance policies varies depending on individual situations and state laws. J.G. Wentworth Life Settlements (DE), LLC can help you sort through the options and laws and determine what is best for your individual situation.

Two frequently asked questions from their website are "What is a life settlement?" and "Do I lose my death benefit?". A life settlement enables you to sell life insurance policies that you currently own, but no longer want or need. Seniors are given the option to sell their insurance policy, including the death benefit, in exchange for a lump sum. This eliminates the responsibility on them to pay premiums on policies they no longer want.

If you want to find out more about how the sale of life insurance might be of interest to you or someone you provide care for, visit the J.G. Wentworth Life Settlements website to find out more or request a quote.



This post is sponsored by J.G. Wentworth Life Settlements (DE), LLC

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