Life Settlement

A life settlement is the sale of a life insurance policy to a third party for a cash payment. Life settlements are seen as an innovative financial tool for owners of insurance policies when the original need for insurance has changed. By giving the consumer an alternative to surrendering a policy, the secondary market for life insurance has created a forum for consumers to receive fair market value for their assets instead of the carrier imposed surrender value.

A life settlement may or may not be the right choice for you. Your state insurance department, along with the National Association of Insurance Commissioners, is concerned that many consumers may not fully understand life settlements. There are many factors to consider prior to entering a life settlement, including but not limited to; checking with your insurance carrier to see what options you have available under your policy, consulting your tax and financial advisor(s) who know your personal financial needs, as well as current state insurance laws and regulations that may protect you.

For more information or to discuss your situation in detail, fill out the form below and one of our representatives will contact you shortly. We will not distribute your personal information or e-mail address to anyone else.