Tuesday, September 15, 2009
Life Settlements at the Rescue!
. Tuesday, September 15, 2009
When a child thinks and creat some scenario, sometimes a big surprise to the adults. Just like what Grant did that greatly surprised his mother. It was after Grant browsed online some insurance stuff. He was able to pass by a Life Settlements web site. Grant started asking his mom about his insurance related stuff to his mother.
Grant: Why do we have various insurace payments?
Mother: Ummm.. for security purposes, Son.
Grant: In what way? Nothing really happens to us, what if we just save the money ourselves?
Mother: It is more secure with unsurance companies as they know how to invest the money, and they can cover greater amount than what we really contribute in times of emergency..
Grant: Is it a valuable thing?
Mother: Of course, Son. It's an investment as I said and therefore it has value.
Grant: That explains it!
Mother: Explains the what?
Grant: I heard granpop and grandmama talking about life insurance and when I could not really understand what it's all about, I searced about it online. Then I saw that it could be sold in times of emergency.
Mother: Really? I never heard of that thing.
Grant; They actually termed it "Life Settlements"... As stated there,
"it the term used by life settlement companies to describe the money received when an individual sells their existing life insurance policy. Selling a life insurance policy is a quick and easy way to obtain cash that can be used to pay for medical bills and other expenses." Amrita Financial, the site where read this, claims to be "one of the leading life settlement companies that specializes in offering people an easy way to navigate the process of turning unneeded insurance policies into cash by selling them to third parties. This process can generate a settlement amount of approximately 200-500% more than the payout from surrendering a policy to an insurance company."Mother: Wow! I can't believe that thing exists! It's so good to know though. Despite the fact that we don't eed this now, I can tell those people we know who might be needing this. Bravo, Son! BRAVO! As always!
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