Do you know What is life insurance Settlements?

[Sabelina]

Hi,
Do you know What is life insurance Settlements?
Life settlements are a vital development in the fact that they have introduced a secondary market for life insurance for seniors and younger people. Policy owners have easy access to fair market value for their policies, as opposed to accepting lower cash surrender value from the issuing company of life insurance settlements. A life insurance settlement is a financial transaction in which a policy owner has possession of any unnecessary or undesired life insurance policy which sells the insurance policy to a third party-seniors and younger people-for more than the cash value presented by the life insurance company. Customarily with life insurance settlement, the seller receives instant cash for the insurance policy from the appropriate purchasing entity. This normally becomes the new insurance policy beneficiary at maturation. Moreover, the seller is responsible for all the premium payments from the purchase of the life insurance settlement until the death of the seller.

[arnold111]

Hi
I don

[shinzo159]

hi... I know a little about it. And I have just found this site which is a . For instance someone here needs to have their cash structured settlement right away, they could to Woodbridge. This is one good thing others must know also...

[ricky028]

In other words we can say a life insurance settlement is a certain kind of financial deal where the policy owner transfers a portion or all their life insurance policy to a third party for a certain cash value. Usually, this transfer will be made since the insurance companies will not offer them the cash that they can get from a third party.
Suppose a senior citizen is in need of money for any emergency or whatsoever, then he/she may enter into a contract for senior life insurance settlement with the institutional settlement funder. The funder will pay the amount which indeed is higher than that the policy owner would receive by surrendering the policy to the insurance company.

[maxjlone]

I agree with you but I think The point is that a life settlement is only a good deal for folks who have no beneficiaries or estate needs of any kind. If you take into both family and charitable aspirations, this is a very small market. If an old codger has heirs that he wants to benefit, or any other estate needs, then life settlements are not a suitable strategy. Instead, the old codger should do anything he can to keep the policy going, just like the investors would do if they got it.By the way thanks for sharing.