Agency NPN: 21303454
Phone: 1-888-274-7033
E-Mail: [email protected]
Main Agency Web Site: www.wealthhavenfig.com

Follow Us On Social Media

Secure Your Future with Expert Financial and Insurance Solutions

Welcome to Wealth Haven Financial & Insurance Group, PLLC – Where your financial security and peace of mind are our top priority. Secure your future with us today!


Transform Your Future with a Life Settlement

Are you 65 or older and wondering how to make the most of your life insurance policy? A Life Settlement could be the key to unlocking a brighter, more secure future. Here's why it might be the perfect choice for you:

Concerning chronic illness, this would ordinarily be a time when the death benefit of a life insurance policy would seem most imminent, but certain illnesses are long-term in nature and require very costly medical or custodial care. When all else fails, a life settlement can provide critically needed funds now to help pay those medical expenses.

If you feel that you are nearing the end of your life and the beneficiaries of your life insurance policy don’t need those benefits anymore, you might want to quit paying premiums for insurance that won’t benefit you. When you work with our team regarding the Life Settlement Program, we'll use the free life settlement appraisal program through our partnership with Asset Planning Life Settlement to find out how much you can liquidate your life policy cash for so you can use it now to pay for your rent, put food on your table, pay for your long-term care, assisted living expenses, or home health care needs.

Term policies are among the most likely life settlement to be overlooked. Many advisors and clients don’t realize that a term policy (including group term), if convertible to universal life, can be sold in a life settlement. Since term policies generally don’t have any cash surrender value, a life settlement can truly provide a substantial amount of “unfound money” for you to enjoy.

Other policies you can turn into cash include convertible term, non-convertible term, indexed UL, variable universal life, whole life, second to die UL, partial policy solutions, and more.

Note:
Wealth Haven Financial & Insurance Group, PLLC has partnered with Life Roc Capital LLC and Asset Planning Life Settlements to offer you Free No Obligation appraisals and settlement offers of your life insurance policy.

If you are ready to get started with our Life Settlement services? Click the button below to schedule a free no obligation consultation today.
Or, you may call us at 1-888-274-7033 option 4

Life Settlement's


This concept has been around for more than 50+ years and is heavily regulated, many senior policy owners remain unaware of this secondary market for life insurance and the opportunity it presents to them.

blue and black city buildings photography


Although this concept has been around for more than 50 years many policyholders in your age group need help and find themselves in a situation where they no longer need or want their life insurance policies. This is particularly true if your policy is about to convert to a higher premium from $4000 premium per year to $24,000 per year. We see this all the time. However, letting your policy lapse or quitting the premiums is A BIG MISTAKE! Especially before you find out what its worth. You could be missing out on thousands upon thousands of dollars that you didn’t realize that you were entitled to. As licensed advisors in the state, it’s our fiduciary responsibility to provide alternative options to clients who are contemplating surrendering or lapsing their current life insurance policies. And that’s what we are doing here today, Educating you!

blue and black city buildings photography

Help Fund Long Term Care With Life Settlements For Seniors

Existing life insurance policies can be sold for cash to help fund long term care. Seniors over the age of 65 may qualify for a program that will pay cash to the policy owner for a life insurance policy that is no longer needed or affordable. The policy owner receives a lump sum cash offer and is relieved of any future premium obligations. No out-of-pocket fees are required for this beneficial program. Below are a few examples of what we can do for you!

Examples of Life Settlement's

FAQs

Your Questions Answered: Life Settlement Insights

What is a Life Settlement?

A Life Settlement is the sale of an existing life insurance policy to a third party for more than its cash surrender value but less than its net death benefit. This allows policy owners to receive a lump sum of cash that can be used to meet specific financial goals, such as paying off debt, funding a grandchilds education, or covering long term care expenses.

Take Note: Life Settlements may not be suitable for everyone. It depends on your needs, personal situation, and what is in the best interest for you. We recommend you consult with us before making any decision so we can determine if a Life Settlement is right for you.

Why Consider a Life Settlement?

1. Immediate Financial Relief: Imagine the peace of mind that comes with a significant lump sum payment. Whether it's paying off debts, covering unexpected medical expenses, or simply enjoying your retirement, this money can make a real difference in your life.


2. Freedom from Premium Payments: No more worrying about monthly premiums. Once you sell your policy, those payments are no longer your responsibility, giving you more financial freedom.

3. Make the Most of Your Funds: If your life insurance policy no longer fits your needs, why not convert it into cash? Use the money for what truly matters to you—be it travel, home improvements, or investing in new opportunities.

4. Flexibility and Control: The proceeds from a Life Settlement can be used however you wish. Picture yourself finally taking that dream vacation, renovating your home, or simply having a financial cushion for peace of mind.

5. Peace of Mind: Knowing you have the funds to support your lifestyle and future plans can bring immense relief and security. It's about taking control of your financial future and living life on your terms.

What are the Pro's of a Life Settlement?

Pro's

1. Immediate Cash:

Provides a lump sum payment that can be used for medical expenses, living costs, or other financial needs.

2. Higher Payout:

Typically offers more money than the policy's cash surrender value.

3. No More Premiums:

The buyer assumes responsibility for paying future premiums.

4. Financial Relief:

Can be a significant source of funds for those with terminal or chronic illnesses.

What are the Con's of a Life Settlement?

Con's

1. Reduced Death Benefit:
The beneficiaries will not receive the death benefit from the policy.


2. Tax Implications:
The lump sum received may be subject to taxes.


3. Eligibility Requirements:
Generally available only to those with a terminal or chronic illness and a policy with a minimum face value.


4. Privacy Concerns:
The process involves sharing personal and medical information with third parties.

Who Can Benefit From A Life Settlement?

1. Retirees: Supplement your retirement income and enjoy the lifestyle you've worked so hard for.

2. Individuals with Changing Needs: If your financial situation or health has changed, a Life Settlement can provide the flexibility you need.

3. Policyholders with Expensive Premiums: If your premiums have become a burden, a Life Settlement can relieve you of this financial strain.

Tax on Life Settlements

Terminal Illness:
If the insured individual is terminally ill (with a life expectancy of less than two years), the proceeds from a viatical settlement are generally tax-free. This is because the payment is considered a death benefit rather than a capital gain.

Non-Terminal Illness:

If the insured individual is not terminally ill, the proceeds may be subject to taxes.

Note: The taxable amount is typically divided into three parts:


1. Return of Premiums:
The amount up to the total premiums paid is not taxable.


2. Ordinary Income:
The amount received that exceeds the premiums paid but is less than the policy's cash surrender value is taxed as ordinary income.


3. Capital Gains:
Any amount received above the policy's cash surrender value is taxed as a capital gain.

Qualifications for a Life Settlement.

1. Minimum age 65 years of age or older.

2. Face Amount of Life Insurance Policy $100,000 and above.

3. Life Insurance Policy types: Term, Universal Life, Whole Life,
and Variable Life.


4. Policy Issued: 24+ months


5. Insured's Health: Minor, Moderate or Major Health Conditions.


What is the Life Settlement Process?

1. We gather Only some general information and answers to a few medical questions which will be handled by a licensed broker.

2. Your information will then be provided to the Life Settlement Company for an immediate 24 to 72 hour policy valuation and that's it.

3. In a matter of weeks, we will have an offer from some of the largest financial institutions. Our network includes 100 financial institutinos, banks, insurance companies and hedge fund managers in the US.


4. We would then offer you a figure that you would find attractive and beneficial.



5. If you decide to move forward, we will personally guide you through the process to ensure the best possible outcome.

woman and man sitting in front of monitor

We don't just offer Life Settlements. Explore our Comprehensive Insurance & Financial Solutions

Explore tailored insurance and financial solutions designed to protect and grow your wealth, ensuring peace of mind for today and security for the future.

Just a few testimonials


  • "Selling my life insurance policy through a Life Settlement was the best decision I made for my retirement. The lump sum payment allowed me to pay off my mortgage and travel the world. I feel more secure and happier than ever!"
    - John D., 68


  • "After my health changed, I needed extra funds for medical expenses. The Life Settlement provided me with the financial support I needed without the burden of monthly premiums. It was a lifesaver."
    - Mary S., 72


  • "I was struggling with high premium payments, and a Life Settlement gave me the freedom to use my money for things that truly matter. Now, I can enjoy my retirement without financial stress."
    - Robert L., 65

If you have questions Don't worry, we are here to help!
1-888-274-7033 option 4