Life Settlements are becoming mainstream

Life settlements are very interesting and in fact many individuals are unaware of their existence. Life settlements are when a person chooses to sell their life insurance policy for a certain price to someone who is looking for an investment.

A life settlement is the sale of an existing life insurance policy to a life settlement provider. Life settlements are an option for policyholders who determine that their current policy is underperforming or is no longer needed due to changes in the owner’s financial or other circumstances. A life settlement is NOT the same as a viatical settlement. In a viatical settlement the insured is ill and has a terminal diagnosis.

A life settlement is an alternative option to surrendering a policy or letting it lapse by not paying premiums. Often a person no longer wants to maintain life insurance, even though it has monetary value.

A Life Settlement is a powerful new tool that allows you to help your clients maximize the full potential of their life insurance policies. A life settlement is an alternative option to surrendering a policy or letting it lapse by not paying premiums. Often a person no longer wants to maintain life insurance, even though it has monetary value.

A life settlement is not a viatical. Viaticals are purchases of policies of the terminally ill with a life expectancy of two years or less.

Life settlements are not affected by fluctuations in the stock and bond markets, interest rates and business cycles but still provide the opportunity for exceptional returns on investment. Bloomberg states, in a black sheet analysis published March 31, 2006, “Life Settlements are the only asset that can be truly said to provide absolute returns”. Life settlements are becoming increasing popular as an exit strategy for seniors looking to shift or lapse their coverage.

Life settlements are usually defined as someone selling either a portion or their whole life insurance policy to someone for a lump sum of money. Life settlements are usually considered by people who no long have money for the monthly payments or those who need the money for other current expenses.

Life Settlements are increasingly being used by Senior Citizens to fund retirement, pay for long-term care, or just pay rising living expenses.

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