WITH LiST’s INNOVATIVE TECHNOLOGY, YOU CAN STOP PAYING PREMIUMS ON YOUR LIFE INSURANCE POLICY— WITHOUT LOSING IT
When you purchased your life insurance policy, you were protecting the people you love, making sure that they would always be financially secure. Over many years, you’ve maintained this valuable asset. But now the annual premiums have become a burden. Funding the policy may no longer be possible, or your policy may no longer be your best investment option.
You’re not alone. Every year, about 100,000 insurance policies, with a combined face value of more than 100 billion dollars, are cancelled.
- Often, policyholders stop paying premiums and lose their policies completely.
- In other cases, policyholders sell their policies back to the insurance company or to a third party; this is called the secondary life insurance market or the life settlements market. These policyholders do not receive the true value of their policies—they often receive only a fraction of the value and lose all interest in and connection to the policy.
LiST OFFERS A NEW THIRD CHOICE: STOP PAYING PREMIUMS AND KEEP YOUR POLICY
In the past few decades, technological advances have made business more transparent and efficient, creating opportunities to reach and inform many more people through online platforms. LiST is bringing that revolution to the life insurance market by using the power of technology to design and build a platform where policyholders and investors can form partnerships. On LiST’s platform, policyholders upload their insurance policies and investors have the opportunity to fund the premiums in exchange for certain proceeds funded by the policy. Both sides can accept or decline each offer with a click of a button. An intricate set of algorithms and simulation tools make it possible for both sides of every transaction to predict how payments and proceeds will be distributed; it’s a transparent transaction where both parties attain maximum benefit.
The policyholders keep their life insurance policies even though they no longer have the burden and stress of ongoing future premium payments. In other words, you will no longer have to pay premiums, which may be a significant percentage of your income. But you still own a substantial portion of the policy.
WHAT ARE THE ADVANTAGES OF FUNDING MY POLICY THROUGH LiST?
- Funding your policy through LiST maximizes your revenues from your policy. The combined total of money saved by eliminating premiums and benefits received by the policyholders’ estate at maturity usually adds up to many times more than the money a policyholder would receive by surrendering the policy or selling it through other venues.
- LiST’s platform provides transparency, simplicity, and clarity. User friendly graphs and tables show estimated payments for both sides over the long-term.
- With LiST, you don’t surrender your entire policy and you retain an interest in the policy. Upon the maturity of the policy, your heirs receive benefits that signify your continuing wish to protect them and provide for them.
- If you suddenly become unable to pay premiums and allow your policy to lapse, you can lose your entire investment or receive only a pittance for it from the insurance company. Funding through the LiST protects you from that outcome.
- The cash that you would have paid to the insurance company for premiums is now yours to spend as you wish. This money can be given to your loved ones immediately and you can watch them enjoy it. You can help your heirs pay for education and housing that will improve their lifestyle for many years to come. Waiting for your policy to mature may make it too late for the money to have the greatest effect. You can exchange a part of your life insurance policy’s benefits for a better life now.
HOW HAS LIST MADE IT POSSIBLE TO DO THIS?
The evolution of the internet has created enormous opportunities to bring people together; internet technology has reshaped the way we do business all over the world. LiST is transforming the life insurance landscape by using this technology to design and build a platform that ensures a secure, quality investing experience for you and other policyholders, as well as for investors. This custom-designed technology provides transparency by laying out what each party to each transaction can expect. Algorithms and simulation tools have been created that clearly present payment and dispersion rates over the life of your policy. The platform that is presented to you when you upload your policy shows specific numbers that you can count on.
If you have been looking for a way eliminate premium payments but don’t want to give up your insurance policy, it’s time to look at how LiST has transformed this market into an accessible, easy-to-use platform that provides you with the opportunity to fund your policy and still own a portion of it. Contact us to learn more.
Don’t hesitate to contact us for a free consultation you can schedule a phone call at your convenience or leave your info and we will back to you as soon as possible