What is a Life Settlement

A life settlement simply involves the sale of a life insurance policy to a third party for less than its expected death benefit, but for more than its surrender value. Just like homes, cars, and collectibles, life insurance policies can have a monetary value, which means that they can be purchased and sold.

This simple transaction may offer a win-win situation for both buyers and sellers.

Life insurance is one of the most common instruments used to help safeguard the financial well-being of loved ones after our passing. Millions of Americans each year purchase life insurance, sometimes for reasons as unique as they are. However, what very few individuals understand is that life insurance is a financial asset that may be able to deliver value to them while they are alive to enjoy it.

This simple transaction may offer a win-win situation for both buyers and sellers. The policy owner receives access to financial resources he or she may want or need, while purchasers may realize greater sums upon the demise of the insured.

Whether you are a consumer looking to sell your life insurance policy, or a financial professional who has client's who may benefit from a life settlement transaction, give one of our knowledgable account managers a call at 1.800.252.5282 to get started today!