Kim Purnell
A Wix Legend Marketplace Agency
CLIENT RESOURCES
Life Insurance Settlement
Do You Own An Important Asset That Has Been Hidden From View?
Many elderly Americans discover that their personal or financial circumstances have changed over the years. The original reason for buying a life insurance policy no longer exist. Being free from the financial burden of paying life premiums, while receiving a lump sum payment, may now be a better choice.
FAQ
Q: What is a life insurance settlement option?
A: A life insurance settlement option is a process that allows the policyholder to receive a lump sum of money from the insurance company in exchange for giving up the policy’s death benefit.
Q: What questions should I ask when considering a life insurance settlement option?
A: When considering a life insurance settlement option, it is important to ask questions such as: How much will I receive from the settlement? What fees and taxes will I be responsible for? What are the implications for my beneficiary? What is the process for obtaining the settlement?
Q: What are the pros and cons of a life insurance settlement option?
A: The pros of a life insurance settlement option include the potential to receive a lump sum of money that can be used for a variety of purposes, such as paying off debt or investing. The cons include a reduced death benefit for the beneficiary and the potential for fees and taxes associated with the settlement.
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Florida
A000000
[Mobile Phone]
321-327-9049
Insurance & Retirement Planning Specialist
Kim Purnell
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options. By providing your contact information for quote requests for material downloads, you grant permission for licensed insurance agent, identified here, to call you regarding your Medicare options including Medicare Supplement, Medicare Advantage, and Prescription Drug Plans.
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Adaptive Marketing Group, LLC
898 Glendale Ave Palm Bay, FL 32907
Florida
A000000
[Mobile Phone]
321-327-9049
Insurance & Retirement Planning Specialist
Kim Purnell
FINRA, or the **Financial Industry Regulatory Authority**, is a self-regulatory organization that oversees the brokerage industry. FINRA has rules and guidance on disclosure in advertising and other communications with the public ?.
FINRA encourages members to be precise and succinct in their explanations and disclosures. Members often include in their communications disclosures that are not required by the rules, and FINRA does not object to additional explanations or information beyond what is required for rule compliance ?.
You can learn more about FINRA's rules and guidance on disclosure from their website ?.
Source: Conversation with Bing, 6/28/2023
(1) Regulatory Notice 19-31 | FINRA.org. https://www.finra.org/rules-guidance/notices/19-31.
(2) Advertising Regulation | FINRA.org. https://www.finra.org/rules-guidance/key-topics/advertising-regulation.
(3) Disclosure Report Cards | FINRA.org. https://www.finra.org/compliance-tools/report-center/disclosure.