life insurance settlement

What Are Life Insurance Settlements?
Life Insurance Settlements allow a life insurance policy owner to sell an existing policy to a financial institution, called a provider, in exchange for a lump sum cash settlement. The amount paid for the policy is a discounted percentage of the policy's net death benefit and represents the present day value of the policy. This purchase price is determined by considering the insured's estimated mortality (life expectancy) and the associated cost of premiums to keep the policy in force for that timeframe.
There are two (2) types of life insurance settlement transactions:
1. Life Settlements create immediate liquidity from a non-performing asset, allowing policy owners to cash out of unwanted, unaffordable or obsolete life insurance policies insuring a senior generally over age sixty five (65).
Click to review our Life Settlement Overview.
2. Viatical Settlements someone facing a terminal illness to utilize the present day value of his or her life insurance policy to ease the financial burdens that can be caused by the high costs of medical care.
Click to review our Viatical Settlement Overview.
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