Life settlements can be good, they can be bad and yes, life settlements can be ugly.
Good – A life settlement that happens the way it is supposed to and is clean transaction. The funds arrive and are used for their intended purpose.
Bad – The life settlement is not only difficult, but perhaps not a good fit to begin with. There can be man factors involved in these situations, personal, business, ownership, ultimate use of the funds, the manner in which the policies were initially obtained. Depending on the situation these may be something best left alone.
Ugly – The life settlement has issues from the start, these can be ownership issues, policy design issues, financed policy issues. These are difficult and tedious to work with BUT, with perseverance and mutual cooperation, even these ugly policies can result in life settlements.
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