-- ALIR – a leading life settlement company based in Irvine, California is helping the elderly break away from life insurance policies. They are facilitating easy life settlements by bringing together policy holders and investors to a point of mutual agreement.
ALIR has facilitated this service for all those retirees thinking ‘how to sell my life insurance’. A life settlement involves the sale of a life insurance policy before it lapses when someone feels that he or she has no requirement of it anymore. According to studies, the average annual health care cost for the elderly earning less than USD 10,000 can go up to and even beyond USD 17,000.
A top official from the company said, “Long-term care expenses over the last few years have skyrocketed. In some cases, it seems to have gone by up to 50% - which is shocking.” This clearly indicates a lack of sufficient funds available to large chunks of the elderly population – a problem that ALIR is trying to mitigate.
Several life insurance policy holders in their old age are unaware of the hidden value of their policies. Sometimes, they are also not aware of life insurance as an asset that they hold which can be liquidated at any given point of time.
ALIR, a working member of LISA – Life Insurance Settlement Association, seeks to address this problem by following a 2-step action plan.
As the company informs, the first step is to educate US citizens (over the age of 70) about the value of their existing policies. This depends on several factors including benefit value of the policy, cost of premiums and the expected life of the insurer.
The next step involves helping the insurer by facilitating a meeting with a policy buyer. Policies can be bought both by individuals and financial companies. ALIR will guide their clients through the entire process of a policy sale.
The purpose of a life insurance policy is to provide financial support to family members after the untimely passing away of a person. However, after a point in one’s life, one may no longer require that coverage. ALIR believes that in such a situation, rather than allowing the policy to lapse, one can liquidate it to improve one’s financial condition. Life settlements give retired individuals a new lease of life by significantly improving their standard of living.
The life settlement industry in the US is growing rapidly and yet only a handful of companies can facilitate these transactions effectively. For those wondering ‘how to sell my life insurance’, ALIR strives to be their one-stop solution provider.
About the company:
Based in Orange County, ALIR is a member of Life Insurance Settlement Association (LISA) and works with people from all walks of life in helping them sell their insurance policies. The company has over 20 years of experience in the life settlement, viatical, and insurance industry. They are legal professionals and have worldwide acclamation in this domain.
Contact Info:
Name: Chris Erwin
Email: Send Email
Organization: ALIR Settlements
Address: 47 Discovery Suite 160 Irvine, Ca 92618 888-358-7878
Website: https://alirsettlements.com/
Release ID: 262513
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