When we launched LifeBack in the USA we wanted to find a spokesperson who would fit well with the brand and who our senior target audience would respond to. In Tom Bosley we found the perfect champion. Not only was he a hugely popular personality, well remembered from his days as Howard Cunningham in Happy Days, but he had personally recognised the value of a Life Settlement and had himself sold an unwanted life insurance policy as a means of freeing up cash during his lifetime.
So LifeBack was particularly saddened to learn of the death of Tom Bosley. As the 'face' of LifeBack in the US Tom was a true professional. He will be sadly missed and our sympathy and condolences go out to his family who, with Tom's agreement, will continue to benefit from his ongoing endorsement of LifeBack.
LifeBack was created to offer consumers a new, lower cost option for turning their unwanted or unneeded life insurance into cash through what is known as a life settlement transaction. Our direct-to-consumer model actively seeks out policies that the industry has ignored - including those with death benefits as low as $50,000 - and removes brokers and their fees from the process.
While the amount of money offered for your life insurance policy will depend on several factors, including the face value of your policy, current health status, and the premiums payable under your policy, we guarantee that if your policy is sold through the LifeBack Program, you'll get back more cash than you would have received if you had surrendered your policy to your insurance company.
To learn more about our process please use the links on the left hand side of the page to navigate the website.
Please note that LifeBack is not your agent, broker or fiduciary in connection with the sale of your insurance policy. We urge you to seek independent advice from your own financial, insurance, legal, tax and other advisors.
If your life insurance policy qualifies, the amount that you will receive by selling your policy through the LifeBack Program will be more than the amount you will receive by surrending the policy to the insurance company, but LifeBack does not guarantee that your policy will qualify for purchase or that the sale price will equal or exceed the price that other purchasers outside of the LifeBack Program could or may pay.
Mr Bosley sold his life insurance policy prior to the creation of the LifeBack Program, and is currently a paid spokesperson for the LifeBack Program.