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FAQs - Life Settlements

What are the Types of Life Settlements?

Until recently a holder of a life insurance policy had only two options when the policy was no longer needed. Those two options were to either let the life insurance policy lapse or cash in the policy for its surrender value. Now with the initiation of the life settlement market, policy owner have an excellent opportunity to get the most out of on their unneeded life insurance policy. Instead of just cashing in their policy or letting it lapse with the original life insurance company, they can work with a life settlement brokerage to sell their policy to a financial institution for more than their insurance company will offer. Life settlement brokers work with a multitude of financial institutions that purchase policies.



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