With our economy in the worst shape our generation has ever seen many people are looking for ways to liquidate assets, a life insurance settlement option could be an excellent way to do this if such an asset or assets are available. The first thing to keep in mind is that a life insurance settlement option will only yield a portion of the death proceeds so it’s best to enter into this process with open minded expectations.
The settlement value realized by the owner in a life insurance settlement option will depend on several factors which determine dollars realized or even if investor’s will want the policy. The entity purchasing a policy is an investor looking for something they can make money on and so will therefore have to consider not only purchase price but also the payment of ongoing premiums, a policy’s performance, associated operational expenses, taxation, adherence to regulatory items and other issues.
Most investors will articulate certain parameters for the policies they are looking for in a life settlement and will often involve age, life expectancy, insurance company rating, percentage of premium ratio for keeping the policy in force, method the policy was put in force, face amount of the policy, etc. As you begin the process of entering into a life settlement it is best to discuss your policy with a life settlement broker to get an idea if your policy may yield enough money to justify selling the asset.
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