Life Settlements

A Life Settlement is the sale of an existing life insurance policy. The funds generated are greater than the policy's cash surrender value. Often, the original planning needs have changed so that the policy is no longer needed. Premiums may have become a burden, and the original policy owner may want to eliminate the life insurance policy by letting it lapse. Now there is an alternative. The policy owner may sell his policy just as they would sell a stock or bond, or even their home.

This secondary market gives the policy owner a market that did not exist in the past. In prior years, the policy owner was left with only one entity to deal with, their own carrier. This alternative allows the policy owner to obtain institutional, and real market pricing for this valued asset.

Using an institutional funder, an offer generated through this process can result in money for your client.

This new service offers you an opportunity to benefit from a wasting or wasted asset. Many life settlement transactions generate substantial capital, thus creating the need for additional financial products or services. In some situations, a new and improved insurance policy may even be issued, benefiting your client, your client's heirs, and you, the producer.

The Life Settlement solution is typically the win-win scenario.

Schedule of free CE seminars on Life Settlements

A variable life insurance policy is a security, and the sale of such a product in the secondary market is a securities transaction subject to FINRA rules. Please refer to your Broker/Dealer for issues including suitability, due diligence, best execution, supervision and training, and compensation in connection with variable insurance contracts.