A Life Settlement is...
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by: BenjaminThompson
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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 the sale of an existing life insurance policy by an individual who is typically 65 years of age or older. All things change with time, including your life insurance coverage needs. A life settlement is the sale of your life insurance policy for more than the surrender value of your policy.
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 the sale of an asset, a taxable event. The tax specifics are up in the air in Congress and the courts. A Life Settlement is the sale of an existing life insurance policy by an individual who is typically 65 years of age or older.
life settlement is simply the sale of an existing life insurance policy by a terminally ill or elderly person to another party. The price of the policy is negotiated and sold by the owner at a discount to the face amount.
A life settlement is when a person insured by a life insurance policy sells his policy to a third party, often an investment company. The investment company pays a percentage of the policy's value in a lump sum cash transaction.
A life settlement is the sale of a life insurance policy to an institutional investor for a cash payment that is greater than the policy's cash surrender value. The platform for the life settlement industry was created in 1911 by virtue of Grigsby v. Russell
About the Author
Ben is a recognized speaker and consultant for the elderly. He specializes in consulting on the issue of Life Settlements and in how to obtain cash for your life insurance Grab a totally unique version of this article from the Uber Article Directory
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