Maine life settlement laws and regulations are designed for two purposes, that is to protect seniors that have or will enter into a life settlement agreement and to educate them on what a settlement is and how it affects their insurance.
To date, as many states have enacted life settlement laws to protect and educate consumers as to the benefits and drawbacks that they may expect from a life settlement. Maine life settlement laws are designed for the same thing.
Maine life settlement laws go a bit further than most. Maine requires that life insurance carriers tell older clients about all options regarding their unwanted policy, to include the life settlement option. Only a handful of other states require the same, but include Oregon and Washington.
It is advisable to know the value of an asset before attempting to sell. Find out what your policy is worth today by visiting LIVEpdq!