When considering selling your life insurance policy, many policyholders worry about losing the ability to leave money behind for loved ones. Thankfully, through a retained death benefit in Fort Lauderdale, you can access immediate cash while still ensuring that a portion of your policy’s death benefit goes to your beneficiaries. At Summit Life Insurance, we specialize in helping clients understand and take advantage of this option as part of the broader life settlement process.
What Is a Retained Death Benefit?
A retained death benefit (RDB) is a flexible option available in some life settlement transactions. Instead of selling 100% of your life insurance policy, you sell a portion of it for immediate cash and retain a percentage of the death benefit.
This means when you pass away, your beneficiaries will still receive a payout—without you having to continue paying expensive premiums. For Fort Lauderdale residents, this option offers the perfect balance between accessing cash today and preserving a legacy for tomorrow.
How Does It Work?
The retained death benefit process in Fort Lauderdale is straightforward when working with experts like Summit Life Insurance:
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Policy Evaluation – We review your life insurance policy to see if it qualifies for a settlement with retained death benefits.
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Market Bidding – Buyers make offers, some of which include options to retain a percentage of the death benefit.
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Customization – You choose how much cash to receive upfront and how much death benefit to keep for your beneficiaries.
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Final Agreement – Once the settlement closes, you gain immediate funds, and your future premiums are covered by the buyer.
Why Choose a Retained Death Benefit?
For many policyholders in Fort Lauderdale, a retained death benefit offers the best of both worlds:
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Immediate Cash Access – Use the funds for medical bills, retirement, debt reduction, or daily living expenses.
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Legacy Protection – Ensure your family still receives financial support after your passing.
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No More Premiums – Buyers cover all future premium costs, relieving financial pressure.
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Flexibility – Choose the arrangement that best suits your family’s needs.
At Summit Life Insurance, we help you compare offers and select the option that maximizes your benefit both now and in the future.
Who Should Consider a Retained Death Benefit in Fort Lauderdale?
This option is ideal for policyholders who:
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Want cash today but don’t want to leave beneficiaries with nothing
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Struggle with rising premium payments
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No longer need the full death benefit amount
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Are considering a life settlement but value legacy planning
For many Fort Lauderdale residents, this solution provides peace of mind—meeting today’s financial needs while preserving tomorrow’s family security.
Why Work with Summit Life Insurance?
Choosing the right partner is critical when exploring life settlements and retained death benefits. At Summit Life Insurance, we are trusted experts in Fort Lauderdale because we provide:
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Licensed & Experienced Brokers – We operate under Florida’s strict insurance regulations.
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Access to Multiple Buyers – More buyers mean more competitive offers for you.
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Transparent Guidance – We explain every option clearly, so you can make an informed decision.
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Personalized Support – Every client receives one-on-one guidance throughout the process.
We are not just a broker—we are your advocate, ensuring you secure the best outcome for both you and your loved ones.
Final Thoughts
A retained death benefit in Fort Lauderdale gives policyholders the chance to enjoy immediate financial relief without sacrificing their legacy. At Summit Life Insurance, we help you navigate the process with confidence, ensuring you receive the maximum value and the peace of mind that comes with leaving something behind for your beneficiaries.
If you’re considering selling your life insurance policy but still want to provide for your family, contact Summit Life Insurance today to learn more about how a retained death benefit can work for you.
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