When I first got into the life insurance settlement industry, I had to start from the beginning and learn all the basics.
There are so many things you need to know. For example, what is a life settlement?
The life insurance settlement industry is known by many other names. For example, it is also known as the senior settlement market or secondary marketplace for life insurance.
The key components to the life insurance settlement industry are: policyholders, brokers and buyers. The policyholders sell their unwanted policies. The buyers purchase the insurance policies. The brokers are hired by the sellers to search the insurance settlement industry to find the highest possible offer.
Once all the parties agree on an amount, a contract is issued to complete the transaction. When signing this agreement, please take your time to understand all of the details.
To learn more about the life insurance industry, please click the LIVEpdq.