Life Settlement FAQ

M & M Funding Solutions

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                      Life Settlements
             Frequently Asked Questions
             (for informational purposes)

Why would I want to sell my insurance policy?

You no longer need the coverage
The beneficiaries pass away before you
A change in business ownership makes the policy unnecessary
The policy has not performed as expected
Premium payments have become burdensome
A change in policy type or coverage is necessary to meet an objective
Alternative to surrendering or lapsing a policy
Enjoy a well-deserved vaction

How much will I receive for my policy?

You will receive more than the cash surrender value but less than the face amount of the insurance policy.

When I sell my policy what are some of the financial benefits?

You can purchase investments or other insurance products
Maintain lifestyle
Fund long term care
Make gifts to heirs or charities
Achieve financial objectives
Enhance quality of life
Pay for existing expenses

What is the minimum size policy you would consider?

We would consider a policy with a face amount of at least $50,000 dollars.

What types of insurance qualify?

Term
Universal
Variable
Joint Survivorship
Whole
Group
Key Man

What do I need to qualify?

You must be at least 65 years of age
The insurance policy is in effect beyond the two year contestable period