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Fighting Alzheimer's

Selling Existing Life Insurance to Pay Medical Expenses

Rising healthcare costs for individuals and families dealing with Alzheimer’s place an unbearable weight on many families, and many caregivers are struggling to save for their own retirement. Luckily, there is a solution called a life settlement. If the Alzheimer’s patient currently owns a life insurance policy, it may be possible to sell it today for an immediate cash payment.

Solving the problem

Caregivers can reduce financial strain by selling the patient’s existing life insurance to pay for ongoing caregiving costs and medical bills. This includes term policies. Selling a policy for cash today can remove unnecessary pressure for family members so they can focus on what’s important: taking care of their loved ones. 

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Take it from our clients

One Alzheimer’s patient owned a $250,000 life insurance policy with no cash value, and it was about to lapse. Another family member who was familiar with the benefits offered by selling the policy as a life settlement and suggested that the family call a life settlement broker to have the policy appraised. As a result, they were able to sell the policy for an immediate cash payment of $100,000. This newfound cash provided immediate relief for family members who were struggling with the responsibility of providing caregiving needs for their loved one. 

Another Alzheimer’s patient owned a $1,000,000 life insurance policy with $25,000 of cash value. The adult children were about to take home equity lines of credit to help fund ongoing caregiving needs. The heavy financial burden was lifted off of their shoulders when they were able to sell their father’s policy for an immediate cash payment of $400,000. Since 2003, Ashar Group has been representing policy-owners and their advisors in a fiduciary capacity when selling their existing life insurance. Contact us to find out what your existing policy could be worth today at 800-384-8080 or [email protected]

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