New Jersey Life Settlements
New Jersey Life Settlements
Life Settlements are being talked about more and more in New Jersey every day. People are finding the hidden cash value in their life insurance policies they never knew existed. The sale of a New Jersey life settlement can provide owners a cash sum for the fair market value of their life insurance. This extra stream of income can provide much needed breathing room when dealing with the cost of senior care needs. This can be especially helpful when dealing with the cost of long term care. To qualify for Medicaid it is usually necessary to abandon your life insurance policy for the somewhat small cash surrender value. Life settlements can provide a much more financially viable option. A life settlement company can provide a lump sum cash payment that can be used to pay for care needs in the manner in which the owner sees fit.
Not all states are treating life settlement in the same way. Some states have decided not to regulate life settlements which can increase the risk to the consumer. New Jersey has decided to add protection to seniors by requiring licensing for both life settlement brokers and companies. This ensures that you will have more up to date information about the latest developments surrounding life settlements in your states.
Selling your life insurance policy is easier than you think. When you feel the value of your life policy could be better used to pay for something else, do your homework. To find the best current value for your life insurance policy explore your options for a life settlement from trusted sources.