Tools For Life Settlements
As the education of life settlements continues to grow, it is important for consumers, financial professionals, and insurance agents to prepare themselves with the tools to maximize their life settlements.
Life Settlements, also known as life insurance settlements or senior settlements were spawned from the viatical settlement method. A life settlement is the sale of a life insurance policy covering a person who has a limited life expectancy — normally 10 years or less. Life Settlements are usually geared to seniors 65 and older, and can offer a much better option than lapsing or surrendering a policy back to the insurance company. Life Settlements allow consumers access to a secondary market for an insurance policy that may be underperforming, unwanted, or no longer needed.
