Ben Mohr, LLC Top 5 Things to Know And Do When Selling Your Policy

Whether you’ve sold your policy, or you’re looking to sell your policy, the team at Ben Mohr, LLC knows the complexity this decision took to arrive too, and we want you to know we’re here to answer any outstanding questions.

When you choose Ben Mohr, LLC of California, one of the top and well-known Life Settlement Agents, you are getting a team filled with experts that not only care about you - but about the process of selling your policy and the ethicality of the transaction.

Ben Mohr LLC California Insurance, Life Settlements and Ethicality

Before you consider selling your life insurance policy, what things should you consider?

1. Do you still need Life Insurance?

Can you afford the life insurance premium?

Do you still have beneficiaries who rely on you financially?

If you answered, ‘yes’ to any of the above questions, Ben Mohr, LLC, and his team advise you to consider holding on to your Life Insurance Policy.

Wondering if you should keep if you still need your Policy? You can find out more in our Life Settlements article.

2. Are there other ways in which you can pay your premium?

Times can be are unstable. We’ve seen markets crash, governments have shut down, and sometimes managing finances while still paying your Life Insurance Policy is unmanageable. Things to consider if you answered ‘yes’ to question 1, is taking a loan from your policy or reducing our death benefit in exchange for a lower premium. You don’t have to go to this decision alone. Ben Mohr, is an expert at finding the right path for his clients - feel free to ask us if you have more questions.

3. Are Brokers and Buyers people you can trust?

Aside from the loud ties we sometimes wear - yes. Yes, you can. Ben Mohr, LLC of California has been a leader in the Life Settlement industry for more than a decade and as one of the top sales agents in California, Ben Mohr LLC has helped his clients receive millions in maturity payouts. Ben Mohr and his team put you, the client first. Always.

Congratulations! You’ve made the decision to sell your life insurance policy! After you’ve considered the above and consulted with the team of Ben Mohr, LLC, - it’s important to take the following into advisement:

1. Get multiple offers

Ben Mohr, LLC shop your policy around to find you a fair market deal with high yielding results. We equip you with the knowledge to know what your policy is worth.

2. Understand the Rules

Life insurance policies have rules about selling. Ben Mohr, LLC and his team will walk you through all laws regulated by the state of California and the process to ensure you feel confident and comfortable.

3. Taxes

We will disclose all information and review with you all tax implications prior to taking the next steps of finding you a buyer.

You may owe income or capital gains taxes - depending on the situation. Speak with our knowledgeable team at Ben Mohr, LLC to answer all your questions. Read more about taxation and the benefit to sellers.

4. Don’t feel pressured

Our team is here for you and at no point should you feel pressured. We understand that selling your life insurance policy isn’t for everyone - but we also want you to be informed so you can the decision that’s right for you.

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Bottom line: If you can’t afford your life insurance policy, or you no longer have beneficiaries - now might be a good time to sell. Choosing to sell your life insurance policy is as important as the broker/agent you use. Ben Mohr, LLC of California, and his team are here to help you get the highest market value in the most fair and honest way.