A life settlement allows a person to sell a life insurance policy and receive a cash amount higher than the cash surrender value. The policy ownership is transferred to an unrelated investor in exchange for a cash payment in excess of the policy’s cash surrender value.Read More
Before you let that old, unwanted life insurance policy lapse, it may be wise to check all of your options. Better yet, check to see if your policy could be sold for cash to investors. You could have a pleasant surprise ahead. What is a Life Settlement? The process of selling an unwanted or unneeded life insurance policy is called life settlement. The amount you will receive will be less than the face value but…Read More
It’s called a “life settlement” and it’s one way seniors can cash in on their life insurance policies. Those who no longer want to pay premiums or have any need for the coverage are often able to demand higher prices when selling their life insurance to an investor rather than their insurance company. Policies sold by those approaching the end of their lives are particularly valuable, according to a recent report by NBC.Read More
Investors may be able to receive significant profits through purchasing an elderly or ill individual’s life insurance policy through a life settlement.
They may also benefit through selling variable annuities. Individuals who sell these assets through a stranger-originated transaction, however, may be targeted by fraud, according to the Life Insurance Settlement Association.Read More
Life settlements often benefit both parties involved. Sellers are relieved from monthly premium payments – and at much more favorable prices than their insurer would offer.Read More