An Arkansas Life settlement involves the sale of ones insurance policy by the policy owner to a third party investor and is governed by rules and regulations of the state. Prior to July 2010 Arkansas was an unregulated state. But with their adoption of the Viatical Settlement Model Act # 697 in July of 2010 an Arkansas Life Settlement is now a regulated transaction. The Act addresses such issues as disclosures and audit reports as well as rescission features and filing issues. Another feature of the Act is that it requires all life settlement providers and brokers doing business in the state to be properly licensed and appointed. Another reason for Arkansas’s adoption of the Act is to help and protect policy owners
If you live in Arkansas and you are in need of extra monies to help cover your living expenses, medical expenses or other financial issues and you have an insurance policy you no longer need, can afford or want an Arkansas Life Settlement might be just the thing to help you get that extra cash.
I would suggest you do your research to make sure you understand the process and to help you find a properly licensed life settlement broker who can assist you with the transaction.
To learn more about how an Arkansas Life Settlement is a regulated transaction and to see if you would qualify for a life settlement please click our LIVEpdq link now for a free no obligation policy review.