Life Settlement Licensing – A way to make sure agents are well informed.
Life settlement licensing requirements will vary from state to state. The life settlement marketplace is growing in popularity which calls for the states to take a closer look at the life settlement licensing issue. A life settlement is a complicated transaction that requires a broker with a certain level of expertise in order to properly explain the process and make sure a life settlement is in the best interest of the consumer.
Life settlement licensing will require a broker to pass an exam as well as take continuing education courses.
A life settlement provides an alternative to seniors who no longer need or want to continue their life insurance policy. It is very important that a policyholder is made aware of all the options that may be available prior to selling their policy. Some life policies have a terminal illness rider or reduced paid up insurance benefit which are options that should be considered before a decision is made.
For more information regarding life settlements and a free policy analysis please click on LIVEpdq.