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Life Insurance Settlement

Top Companies: This Week's Reviews

J.G. Wentworth
40 Morris Ave. Bryn Mawr, PA 19010
866-386-3102
http://www.jgwentworth.com
Services Offered: Lump Sum payouts on Life Insurance Settlements, Structured Settlements, and Annuities
Company Overview: J.G. Wentworth was originally founded in 1991 to handle healthcare transactions, but when the insurance industry had more claims than money, J.G. Wentworth stepped in and bought the deferred claims, and then began offering lump sum cash to the claimants. They have over $2 trillion in assets, and also helped found the National Association of Settlement Purchasers in 1996.
Our Review: We’ve all seen the commercials on television for J.G. Wentworth. What we haven’t seen is how stable their business is. Upon arriving at their website we immediately get a feeling of security and readily available assistance.
User Review: I actually came upon this company one night while watching television. My wife recently passed, so we didn’t need the accidental policy anymore, and the insurance company was only going to pay half of what the policy was worth. I needed the money to help with the bills, so I called J.G. Wentworth and had a lump sum for the full amount in about a week!
Advanced Settlements, Inc.
2101 Park Center Dr, Ste 220 Orlando, FL, 32835
800.561.4148
http://www.advancedsettlements.com
Services Offered: Lump sum payouts on Life Insurance Settlements
Company Overview: Company was founded in 2001 to aid those in need of settling old or unneeded life insurance policies. Since then, they have handled more than $3.6 billion in policies. They have a target audience of those who are over 70 and have less than a twelve year life expectancy, but are willing to help anyone.
Our Review: This site is awesome. It’s not about selling you the settlement for this company. It’s about informing you of your options with your life insurance. They explain all about settlements, how they work, and who they work for. They’ve got a great informational base and plenty of contacts available for you should you need them.
User Review: When my insurance company called and said that my policy was going to lapse, I didn’t want to lose my money just because I didn’t need the life insurance. It was like they were penalizing me for being alive. So I went to Advanced Settlements, who told me all about life insurance settlements and helped me get more money back from the insurance company than I ever would have on my own.
Ideal Settlements
2118 Allenwood Road Wall, NJ 07719
800-622-7079
http://www.idealsettlements.com
Services Offered: Life Insurance Settlements and Viatical Settlements
Company Overview: Ideal Settlements is one of the largest life insurance settlement companies in the U.S. It was founded by Carol Taurosa to help people and companies get the money they deserve. They work with many Fortune 500 companies as well as individual consumers.
Our Review: This company seems to be well established, however their website leaves something to be desired. The layout is sloppy and finding information is a difficult task because of all the various links about the page. Overall, they seem genuinely interested in informing the consumer before making profits, but the website could be better designed.
User Review: I found this company online and inquired with them about life insurance settlements. They helped me to not only understand everything about life insurance settlements, but also helped me get the money I deserved for my life insurance policy.
Life Settlement Pro
202 Lonesome Pine Dr. Longwood, FL 32779
888.973.8377
http://www.lifesettlementpro.com
Services Offered: Life Insurance Settlements, Viatical Settlements
Company Overview: The company has been in business for over 32 years and works with some of the best affiliates in the country. In addition to settlements, they can also aid in financial planning and investing.
Our Review: Life Settlement Pro seems like a competent enough company, but again their website is a mess. Too many hidden text links that can get you lost in a matter of seconds make it difficult to navigate this page if you want to do more than just fill out a request for information form. Another good company, another messy website.
User Review: I contacted Life Settlement Pro to get a settlement on my husband’s expired life insurance policy. They were very helpful and informative, and saved me a lot of time and effort. I don’t know much about computers, so their website was slightly confusing, but overall a good service.
Other Top Companies for Life Insurance Settlement :  

AIM Life Settlements, Inc.

Address : 8425 Gleneyre Road Darien, IL 60561

Phone : 888-441-8881

http://www.aimsettlements.com

PeachTree Life Settlements

Address : 3301 Quantum Blvd -2nd Floor Boynton Beach, FL 33426

Phone : 866-730-4411

http://www.peachtreelifesettlements.com

Learn Life Settlements by CIGI Direct Insurance

Address : 232 F Street Salida, CO 81201

Phone : 888-822-1313

http://www.learnlifesettlements.com

Life Insurance Settlements

Address : 550 West Cypress Creek Road Suite 300 Fort Lauderdale, Florida 33309

Phone : 866.326.LIFE

http://www.lisettlements.com


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How To Select The Best Company For Life Insurance Settlement

 

Selecting a life insurance settlement company is important. In order to get a fair return on an expired policy or a lapsed policy, you will probably need to contact a settlement company. First, you should know what a life insurance settlement is. A life insurance settlement is a payment that is made to the consumer for their life insurance policy once it lapses or becomes unneeded. This payment is usually made through the insurance company, but often times you will get little or no money back on a policy that is worth hundreds of thousands of dollars. This is where the life insurance settlements come in. By contacting a life insurance settlement company, you can often get more money back for your old policy than by simply cashing the policy in with the insurance company. The settlement company offers this service to all consumers who need life insurance settlements. This way you get the money you deserve. You most definitely won’t ever get the full face value of your policy, but settlement companies regularly get people 10, 20 or even 50% more than the insurance company initially offers. If you spend all of your hard earned money paying for a life insurance policy over the course of twenty years, and then no longer need it, you should get something back. However, insurance companies aren’t usually as empathic about this, which is why businesses around the country have formed life insurance settlement companies. These companies don’t work for free, either. They will take a percentage of the settlement that you receive, and some do require money up front. However, the extra money they’ll be able to return to you for your life insurance policy will definitely make it worth your while. And if you’re still confused about life insurance settlements, visit any of the websites listed above for more explanation.

 


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