What are life settlement policies? They aren’t exactly policies in of themselves, but the sale of life insurance from the holder of the policy to an unknown third party. These third parties are typically large financial institutions seeking new forms of investments.
Life settlement policies also are geared toward those individuals who are in need of extra cash, whether it’s to pay for existing or occurring medical bills. To find additional funding for the retirement years, or even estate and trust planning; the truth is that life settlement policies provide several opportunities through life insurance policies that are no longer needed. When looking at the settlement policies the proceeds gained from the interaction can also be used how you see fit. They are your funds from the sale of your life insurance.
In closing, these policies provide multiple avenues to target customers seeking ways to better their life be it in retirement, or long term care. Truly the industry has grown into a thriving entity that continues to serve their clients financial needs. For further information go to LIVEpdq today.