Why Ovid Exists

Why Ovid Exists

Every year, American life insurance policyholders lose over $100 billion by lapsing life insurance that is not needed or affordable. There is no other household financial waste like life insurance lapsing and surrendering. All of this value is simply captured by insurance companies as profit. As an alternative to lapsing or surrendering the policy, Ovid gives consumers to power to recapture some or all of the value of their premiums. Read more

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How Your Life Settlement Offer is Calculated

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On average, a life settlement or viatical settlement candidate will receive an upfront cash settlement of 25% of the life insurance policy death benefit. However, life settlement and viatical settlement offers vary widely on a case-by-case basis – ranging from 10% to 80% of the death benefit depending on the individual insured, the life insurance policy and the market conditions. A life settlement offer is made on the basis of three key variables. Read more

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