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Quantum Life Settlements Can Be a Saving Grace

May 18, 2009 By

 

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I must admit, I know nothing about life insurance, stocks, retirement funds, low interest credit cards or anything like that.  I am totally out of the loop, and leave everything like that up to my husband, which I’m sure many of you do too.  I do want to be involved in major decisions concerning these topics because I know they are important for our family.  I don’t want to solely leave it up to my husband because well…. I’m the practical one :)

I would like to give you some information today that might be helpful to you or your relatives now or in the future.  Quantum Life Settlements is a registered investment advisory (RIA) headquartered in Baltimore.  They have 18 years of experience providing, “comprehensive and innovative financial solutions.”

Here are a few facts about Life Settlements provided by the Quantum Group:

  • Approximately $15 billion worth of Life Settlement transactions will occur this year. That figure is a 100% increase over last year and another 100% increase is expected next year. The market is expected to grow to over $160 billion over the next several years. (Bernstein Research Report, June 2005)
  • Approximately $431 billion of life insurance is currently in force.
  • Since 2005, the average price paid for a Life Settlement is five hundred percent (500%) higher than the cash surrender value of the policy. (Source: Welcome Funds Inc. files)
  • 47% of those over age 65 own life insurance. (Bernstein Research Call)
  • 90% of policies lapse or are surrendered annually, hence, the majority of policies do not remain in effect. (Insurance Information Institute, 2004)
  • 59% of Life Settlement clients are between ages of 71-80. (National Underwriter)
  • By 2030, there will be about 70 million older Americans, more than doubling the 1990 number. In the year 2000, about 13 percent of the population was age 65 and older. In 2030, that rate will increase to 20 percent, or one in every five Americans. (U.S. Census Bureau)

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    In a time like this life settlements are becoming a saving grace.  Many do not have the retirement income they planned on or the money to pay medical bills.  This is where Quantum Life Settlements comes in.  A life settlement allows the owner of unwanted life insurance to sell their policy to a third party for a one-time cash payment.

    Here are some testimonials from Quantum Life Settlement clients.  These testimonials really bring a light to when life settlements would be a lifesaver:

    “As parents, we have always been there for our children. Our son lost his job last year. With the cash from our Life Settlement, we can help him and his family to keep their home by giving them the money to make their mortgage payments while he’s unemployed.”

    “My husband passed away in 2003 and I was burdened with quite a bit of insurance premiums. My accountant suggested that I consider a Life Settlement, which allowed me to sell the existing policies and use the money to buy a new, more affordable policy with much smaller premiums and a larger death benefit.”

    Do you or your relatives qualify for a life settlement?  Take a free online qualifier quiz to see if you or someone you know qualifies. The Quantum Group is currently offering a complimentary appraisal of policy holder’s life insurance coverage to determine if they are eligible for a life settlement. 

    I hope you gained a little more information or the resource to go out and learn a little more on life insurance and how life settlements could be of help in the future.  Now I think I am going to try and carry on a conversation about Life Insurance and Life Settlements and show the hubby how smart I am :)

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