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A life settlement is an investment in your future that puts cash in your pocket today. There are no restrictions on how you spend your life settlement. A life settlement is not a viatical. Viaticals are purchases of policies of the terminally ill with a life expectancy of two years or less. A life settlement is a product for seniors (generally over the age of 70) who are seeking an economically sensible exit strategy from unaffordable life insurance policies. A life settlement transaction involves the sale of an existing life insurance policy, typically valued at $100,000 or more, to an institutional investor (known as a provider) in exchange for a lump-sum payment far greater than the cash surrender value, but less than the death benefit. 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 a process wherein an insured person agrees to sell his or her unwanted insurance policy to another party for a cash lump sum, instead of returning it to the company where he acquired it. After making the payment, the purchasing party becomes the beneficiary of the policy. A life settlement is the sale of a life insurance policy by a senior for an amount greater than the cash surrender value. The proceeds are often used to finance retirement. 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. All things change with time, including your life insurance coverage needs. A life settlement is a transaction in which an insured person sells a life insurance policy to a third party, receiving a fraction of the death benefit of the policy. The buyer pays the premiums on the policy and collects the benefit when the person dies. A Life Settlement is the sale of a life insurance policy for an amount greater than the cash surrender value, but less than the face value. A Life Settlement lets you convert a non-performing, illiquid asset into cash or another financial product that is more suited for your present stage of life. 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.
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Ted Mitchell is an acclaimed Senior Citizen advocate and author who advises seniors regarding Life Settlement
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