Similar to your car or savings account, your life insurance policy is an asset that has financial value. That means you can sell your policy now if you no longer need it or if your financial circumstances have changed. The sale of your policy is called a Life Settlement, and has grown in popularity as policyholders become more informed about their options.
The Life Settlement concept was born in the 1980s and is now a mature and highly regulated industry, subject to the oversight of government agencies. In the decades since Life Settlements became commonplace, many thousands of people have realized the benefits of selling their life insurance policies in exchange for an immediate influx of cash.
What You Need to Know About Life Settlements
Your life insurance policy is a financial asset. Like any other asset, it needs to be managed to
maximize its value and achieve your financial goals.
Your life insurance has intrinsic value, maybe much more than you think, and
you're the one who decides when it’s time to sell it.
Why do people sell their life insurance policies?
- Tired of expensive premiums
- Beneficiaries now financially secure
- Need money for new priorities like retirement or healthcare
What do our clients say?
During our recent activity in selling a life insurance policy, we established a relationship with Kango that was effective and congenial. One of the strengths of the representative we spoke to at Kango was his ability to explain complex issues in understandable terms. He referred us to an appropriately licensed entity and he remained there all the way through while we executed the sale. We remain on good terms even today.
P.M
We would recommend Kango Group to anyone who has life insurance they no longer want to pay for. Everything went smoothly. The company's representative was always courteous, easy to contact, diligent, and patient with our questions. His answers were complete and easy to understand. He continued to work with us through the transaction with the licensed entity to make sure that the transaction was executed properly and successfully. Thank you, Kango!
D.S.
Facing cancer can be a terrifying experience, but facing it without an income can be equally terrifying. Thankfully, because I had two term life insurance policies, Kango Group and their representative were able to get me much-needed funds from those two policies. They helped me through the application process with the licensed entity, and while waiting for my application to be approved, they kept in touch with me by frequently calling and offering me consultation during the process. I am now able to live a better life than I would have experienced thanks to Kango and their efforts on my behalf. I heartily recommend Kango Group for being so hard-working, compassionate, and client-focused.
J.E.
You too can sell your
life insurance policy today!
Get the FREE Guide to Life Settlements
This useful resource from Kango Group describes:
- Ways you can leverage your life insurance policy for cash
- How you might be able to retain a part of your policy but stop making payments
- Why transparency is key when working with a Life Settlements company
Don’t worry, we won’t ever sell your email to others; we’ll only use it to send the guide and for future communications from Kango.