We’ve introduced the idea that life insurance policies aren’t quite “one-size-fits-all” products. Your age, medical condition, classification, lifestyle, and financial situation can all influence the policy you end up with. These factors will largely determine the type of policy you own, and the size of your premiums. The size of your death benefit is largely …
Purchasing a life insurance policy isn’t quite like buying a product off the shelf. With the help of your insurance agent, the policy you buy is highly customized to you. The type of policy, amount of death benefit, and even the cost of your premiums are largely up to you. It depends on what you’re …
Having a life insurance policy can end up being an immense blessing to your family. Thanks to Aspen Life Settlements, selling your policy can help your family, too! You may have heard the adage attributed to Henry Ford that if you chop your own wood it will warm you twice–once when you split it, and …
A death benefit is a pretty big deal–and is often measured in the tens and hundreds of thousands of dollars. It’s not usually an amount of money you want to leave on the table or walk away from. On the one hand, you won’t personally receive any of your own death benefits. (Not without an …
At Aspen Life, we pride ourselves on what we bring to the table. We know that what we do is different, powerful, and even industry-changing. In order to really understand how significant Aspen Life is–and the positive impact it can have on your financial life–it might help to understand what makes us so unique. …
What’s the Difference Between Aspen Life and a Traditional Life Settlement? Read More »
“Premiums” are probably your least favorite part of having a life insurance policy. But they are the key to keeping your policy–and the option to have life insurance at all–alive. What is a premium? Despite its fancy-sounding name, a premium is a cost of maintaining your life insurance policy. Think of it as a …
As we continue to explore the basics of life insurance, it’s essential for us to include the concept of “cash value.” Understanding what cash value is, why it matters, and how you can use it is foundational groundwork–for you, and in how Aspen Life Settlements is able to operate. What is Cash Value Life …
When you pass away, will your family be taken care of? A death benefit can help offset funeral costs and replace the income you bring home. Without additional savings available, an untimely death wouldn’t just be tragic–it could also be financially devastating. The Biggest Reason for Life Insurance For this reason, many people …
So far on the Aspen Life Settlements blog, we’ve talked mainly about whole life insurance and term life insurance. While these are definitely the most common policies in use today, there are other options available in the life insurance world, too. If you’re looking to change or sell your whole life policy and switch to …
Paying premiums can be a challenge. They can be among the most expensive bills you pay each year. It can be enough to make you wonder whether it’s worth it to keep your policy active. Aspen Life Settlements provides a way to “check all the boxes” in this scenario–by allowing you to stop paying premiums …
What Happens If I Stop Paying My Life Insurance? Read More »
