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Aquarius Life Solutions specializes in providing you and your clients with the best possible solution to unneeded life insurance policies: LIFE SETTLEMENTS. With Aquarius Life Solutions as your life settlements partner, you can now offer your clients not just an alternative to lapsing or surrendering ineffective or unnecessary life insurance policies, but a better solution with a greater cash settlement.
What is a life settlement?
A life settlement is the sale of an unneeded, ineffective life insurance policy that would have otherwise been surrendered or lapsed.
Who is eligible for a life settlement?
anyone over the age of 65 (in some cases 60)
a policy with a face amount of $150,000 or more
a policy that is assignable and outside of the contestable period
What type of life insurance policy is eligible for a life settlement?
Virtually any type of individual life insurance may be (including Term, Whole, Universal, Variable, Survivorship, Adjustable and Joint First-to-Die policies).
Policies can be individually owned or owned by trusts, foundations, not-for-profit organizations or businesses.
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