Summary

Did you know that you can Xchange your life insurance policy like any other asset that you own?

It's legal and regulated by state insurance departments. I partner with a firm who offers free policy evaluations.

We specialize in appraising and Xchanging life insurance policies that seniors no longer want, need or can afford. The process is simple, free, and you are under no obligation to Xchange your policy, However, it could be a great option for you.

There may be an opportunity to Xchange unneeded, unwanted or unaffordable life insurance policies for funding options GREATER than the policy's surrender value. Or you could keep a portion fo your policy and not have to pay any more premiums.

How does it work? Well, GWG Life becomes the owner and beneficiary of the policy. They take over PAYING THE PREMIUMS and will receive the benefits of the policy. As the one Xchanging your policy, you have several offers to choose from so you can find the one that best meets your financial needs. No matter which one you choose, you'll be off the hook for making any more premium payments.

FAQs

If a senior has a life insurance policy, how can this help pay for their care?

Just like the other assets you own, life insurance can be appraised and exchanged for its fair market value.

What types of policies may be exchanged?

Whole Life, Variable, Universal and Term.

What is a life policy exchange?

Insurance policies are exchanged to meet specific post-retirement financial needs. This may include a tax free lump sum payout or annuity payments, also used for long term care health needs.

It's legal and regulated by state insurance departments.

These exchanges are endorsed in all 50 states by the National Association of Insurance Commissioners, (NAIC) as a viable option for seniors to pay for long term care.

Why life policy exchange?

Seniors can exchange policies they no longer need, want or afford. Seniors receive funding options greater than the policy's surrender value.

How does it work?

The insurance company becomes the owner and beneficiary of the policy, including taking over paying the premiums while the senior receives the monetary value for the policy. Seniors can also keep or set aside a portion of their benefits for any final expense needs.

How is it done?

The process is simple, free, and seniors are under no obligation to exchange policies. Policy information is forwarded to the LifeCare Xchange program for evaluation by a case manager who initiates discussion of the value of the policy within the 3-4 days of the receipt of basic information.