Life Insurance Settlement Question
What are Life Insurance Settlements?
Life Insurance settlements is a transaction whereby a life insurance policy owner (the seller) satisfying a certain criteria set by the provider transfers the future death benefit and also the premium commitments to a life insurance settlement provider (the investor) for a upfront cash payment.
The industry sprung from viatical life settlements where policy owners who were suffering terminal illnesses and near death needed a lump sum payment immediately to pay for medical care and fees.
Non-viatical life settlements does not necessarily require the policy owner to be severely ill but usually over age 65 so that investors can actually earn a healthy return and also actually convince the policy holders to sell their policy as the cash offers made will be subtantially higher than the surrender values offered by the life companies. Additionally, sellers are usually motivated by liquidity requirements when they sell their policy.
Some common eligibility criterias structured to maximise investor returns are listed below:
- Life insurance company must have strong credit rating
- Minimum policy face value
- Term, whole life, universal life, joint-survivorship
- Age 65 or older
For more information, please call 1-888-973-8377 or request a Free Policy Evaluation
Life Insurance settlements is a transaction whereby a life insurance policy owner (the seller) satisfying a certain criteria set by the provider transfers the future death benefit and also the premium commitments to a life insurance settlement provider (the investor) for a upfront cash payment.
The industry sprung from viatical life settlements where policy owners who were suffering terminal illnesses and near death needed a lump sum payment immediately to pay for medical care and fees.
Non-viatical life settlements does not necessarily require the policy owner to be severely ill but usually over age 65 so that investors can actually earn a healthy return and also actually convince the policy holders to sell their policy as the cash offers made will be subtantially higher than the surrender values offered by the life companies. Additionally, sellers are usually motivated by liquidity requirements when they sell their policy.
Some common eligibility criterias structured to maximise investor returns are listed below:
- Life insurance company must have strong credit rating
- Minimum policy face value
- Term, whole life, universal life, joint-survivorship
- Age 65 or older
For more information, please call 1-888-973-8377 or request a Free Policy Evaluation
posted by Life Settlement Pro at 12:03 PM
