Life Settlements And The Truth About Life Insurance By Appel Financial Group

I have been in the Life Insurance Industry for over 40 years. It is really interesting that it took me this long to realize what these insurance companies are up to.

In the beginning when I started at age 21 I thought people bought life insurance to protect their family from financial ruin due to the death of a parent. As I got older and more knowledgeable I sold 2nd to die coverage to the wealthy to pay their estate taxes upon death.

Both needs of the purchase of Life Insurance made sense to me and was a noble cause.

But as I got older in the industry and had many years experience in management I realized that the industry was not what it appeared to be. 

The insurance industry, in my opinion, is not geared to help a family due to the loss of a parent or to pay off estates taxes or any other reason you can think of in buying their products. 

The insurance company is only looking for you to buy a product you do not understand using complicated illustrations and then having you drop the coverage before you die.

In fact the pricing of a life plan calculates the lapse rate ( when you will drop the plan) as a huge factor in the cost of any life Insurance program.

Also estate tax law keeps changing so in the past not long ago with good planning you would owe estate taxes on about  anything over two million of assets now its over ten million.

Insurance companies price term insurance so that when the guaranteed term rate is over the costs get so high that you are forced to drop the plan, Also most term plans are priced by the insurance company that the policy is only kept 4 to 6 years. They know you will drop the plan and they in fact want you to drop it.

The life plans such as Universal Life, Index Life and Variable Life are not designed in most cases to have a level low cost affordable premium till age 100 or longer. In fact when you are in your retirement years expect the costs of these plans to increase so high that yo will be forced to drop your plan.

Also have you ever gotten a call from your insurance company that you are late on paying your policy and give you options if you can not afford the coverage any more. 

Other then a bill and a late notice what have the insurers done to try and keep you as a customer NOTHING...

Any other business would have departments and many employees trying to safe a customer but not the insurance companies THEY WANT YOU TO DROP YOUR PLAN.

So that is where a firm like mine Appel Life Settlements come in. If you are over 75 or have health issues let us buy your life plan for more then you can get by cashing it in. Remember the insurance companies want to get you to drop the plan we pay you so that we can keep your plan.

SO GET CASH for your too expensive unwanted Life Policy contact us here or on one of our web sites..

As Always All My Best...

Saul L. Appel CLU CHFC CCPS