How Does a Life Settlement Work?
Life Settlements are when you sell a life insurance policy you no longer need instead of surrendering it to the insurance company,.
Why Life Insurance Companies Don’t Like Life Settlements
Life Settlements allow policy owners to get back some of the premiums they paid over the years by selling to an investors. Insurance companies do not like this as it does not allow the policy to lapse where they can collect premiums but avoid paying on the policy.
Don’t overlook the Hidden Value in Term Life Insurance Policies
Term Life Insurance is typically bought to cover a temporary need and, at some point in time, it either expires, reaches the end of its rate guarantee period, becomes unnecessary or becomes unaffordable. When any of these events occurs, a Life Settlement may be a way to recover some “salvage value” for your client. We […]
