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Life Settlement
Educational Information
Welcome Funds has compiled every term, phrase & definition related to life settlements. Have more questions? Call us toll-free at 1-877-227-4484 or complete our Quick Online Qualifier to determine your eligibility.

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DEFINITION OF SECONDARY GUARANTEE

Contractual guarantees offered by life insurance companies that state policies are guaranteed to pay a death benefit even if the accumulation/cash surrender value falls to $0. Rather than the accumulation/cash surrender value sustaining the policy, the life insurance company provides a secondary guarantee that it will pay the death benefit regardless of policy reserves. Secondary guaranteed policies are extremely cost effective for assuring a long-term death benefit but will not build excess accumulation/cash surrender values. They are designed to provide low cost life insurance protection for an individual's lifetime whether they live 30 more years or to age 120.

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