A life settlement is the sale of an unwanted life insurance policy to a thirdparty buyer for more th

1
LIFE SETTLEMENTSWhat is a Life Settlement?

• A life settlement is the sale of an unwanted life
  insurance policy to a third-party buyer for more
  than the cash surrender value but less than its
  net death benefit. If your health is not as good
  now as it was when the policy was issued, or if
  the policy is under priced, a third-party buyer
  may be willing to pay more for your policy than
  you can get by surrendering it to the life
  insurance company. Payments from life insurance
  settlements can be many times greater than the
  cash surrender value. Life settlements offer a
  reasonable and profitable exit strategy that
  addresses the financial objectives of
  policyholders.
• A life settlement gives policyholders an
  important new option to consider when planning
  their retirement. Typically, a person who wants
  to get rid of their life insurance policy can do
  one of two things, 1) stop paying the premium and
  let the policy lapse or 2) surrender the policy
  to the issuing insurance company for the cash
  surrender value. Entering into a life settlement
  is a third option that allows the seller of the
  policy to potentially obtain more value, on
  average 20 more, for their policy than they
  could receive from the issuing insurance company.
  It allows them to move forward with a better
  financial strategy, whether it is the purchase of
  a more cost effective policy, a different type of
  policy survivorship, long term care, or to
  create an immediate income stream through the use
  of an annuity.
• Many American seniors, typically those 70 years
  of age or older, are discovering that life
  insurance policies that once seemed appropriate,
  no longer meet their needs. Changing priorities
  or dissatisfaction with life insurance policies
  has driven many policyholders to discontinue
  their existing life insurance policies. While
  policy owners have had a legally protected right
  to sell (or assign) a life insurance policy for
  almost a century, until recently, very few have
  taken advantage of this opportunity. There is
  absolutely no reason to hold onto an unattractive
  policy when better guarantees and higher coverage
  at lower premiums are a viable option.
• Clients are recognizing that life insurance is
  merely one asset within an estate or a financial
  portfolio that should be managed for optimum
  outcomes. They are no longer willing to treat
  life insurance as an untouchable product that
  must always be held until death

FAIU Getting you the best offer Always!