A life settlement allows life insurance policy owners to sell their life insurance to a another buyer, usually brokers or investors. The owner of the policy receives a cash payment up front that is higher than the cash surrender value. The buyer of the policy would become the primary beneficiary and take over premium payments.
People who benefit from a Life Settlement include seniors over the age of 70 who no longer want to pay premiums on Universal-Life or Convertible-Term life insurance policies that have been in force for 2 or more years.
On this website, we provide readers with Life Settlement facts and company information.
