Life Insurance Settlement Candidates
Ideal candidates for a life insurance settlement are high net worth clients whose insurability has changed since the time the policy was issued. In addition, a decision to either lapse or surrender the policy is under consideration. A life insurance policy becomes unwanted or unneeded due to any number of situations.
A client may need new insurance, an annuity, or long term care. They may have outlived their beneficiaries, sold a business, gone bankrupt, or experienced a divorce. A retirement or a termination may have resulted in the unwinding of a split dollar plan or the timed lapsing of either key employee or buy-sell coverage. The liquidity or size of their estate may have changed. Policy premiums may have become unaffordable. Perhaps the insurance is timed to lapse with a terminating trust.
For whatever the reason, the original purpose of the life insurance may have changed. When that happens, a life settlement in the secondary life insurance market allows the policyholder to recover the true value of their insurance asset.’
Call 1-888-973-8377 to see how you could benefit from a Life Insurance Settlement.
