Life Settlements

Life settlements, provide a sensible exit strategy for unwanted or under performing life insurance policies with an immediate cash settlement

Life settlement is when a policy owner sells the policy to a third party for more than the cash value offered by the life insurance company.

The purchaser becomes the new beneficiary of the policy on death or at maturation, and is responsible for all subsequent premium payments.

With life insurance there are two options, to either let the life insurance policy lapse or cash in the policy for its surrender value. Most insurance agents are aware of only these two options, and it's written in the general contract provision.

In this situation (life insurance settlements) a policy owners can access fair market value for their policies, rather than accepting the lower cash surrender value from the issuing life insurance company.

Life insurance settlements allow you to assign or sell your life insurance policy for an up-front, larger cash payment.

Life settlements are an option for high-net-worth policy owners age 60 or older, this concept has gained attention from high-profile policy holders in the States