How It Works

Beacon Life exists because most life insurance companies won’t tell you all of the things you can do with your policy. This is a problem, because your situation and your family’s needs have probably changed significantly since you first took out insurance.

With just a 30-second survey, you can get our recommendation on how to make your policy work best for you and your family.

It’s completely confidential. You won’t even be asked for your name, email, or phone number, so there’s no annoying followup unless you choose to contact us.

What Are My Options?

  1. Life Insurance Settlement.  
    • Life insurance settlement means selling your policy to someone else. Investors are often willing to buy your policy for a large amount of cash, today.
    • People sell their policies for many reasons. Often it’s because they need cash for expenses or because they no longer need life insurance.
    • If you sell your policy, you don’t have to make any payments in the future. You will also not get any benefits from the policy.
    • Beacon Life is usually able to get better prices for your policy because of our innovative blood analysis capability. Investors will usually pay more for policies that come with detailed (and confidential) health assessment.
    • Life insurance settlement is not the same thing as surrendering your policy back to your insurance company. Surrendering your policy is almost always a bad idea
    • Insurance companies usually offer a small fraction of what a policy is worth, because most people don’t know that life insurance settlement exists.
    • Get in touch with us to speak to a neutral life insurance expert about what you might be able to get from life insurance settlement or take the four-question survey to get a preliminary recommendation.
  2. Finance Your Policy.
    • Policy financing means that someone gives you a loan to help you keep making your life insurance payments.
    • People usually get policy financing when they face challenging short- or medium-term expenses, but they still want to keep their policy.
    • It’s very important to not simply stop making payments. Even falling behind for a few months can be enough for your insurer to declare your policy void. 
    • If your policy is declared void, the insurer can keep the money you’ve given them, but they don’t have to provide any benefits. 
    • If you finance your policy, you continue to own it 100% and the policy benefits are unchanged.
    • Beacon Life is usually able to get better financing options because of our innovative blood analysis capability. 
    • While blood tests aren’t mandatory in all cases, lenders will usually offer better terms for policies that come with detailed (and confidential) health information.
    • Get in touch with us to speak to a neutral life insurance expert about what your policy financing options might be, or take the four-question survey to get a preliminary recommendation.
  3. Review and Change Your Coverage.
    • 75% of seniors in the United States have the wrong coverage for their life situation and needs.
    • Very often your finances, needs, and family situation will have changed significantly from when you first took out insurance.
    • Beacon Life can help you adjust your coverage as needed and is usually able to get you better prices because of our innovative blood analysis capability. 
    • Get in touch with us to speak to a neutral life insurance expert about your coverage options, or take the four-question survey to get a preliminary recommendation.

Contact Beacon Life

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