Life settlements are transactions where the owner of a life insurance policy sells their policy to a third party. The sale may be made directly to a life settlement provider or through a life settlement broker. In either approach, it is usually wise to seek the advice of a competent financial advisor to help with the various steps involved in the selling process. These steps include:
• Obtaining the insured’s medical information
• Obtaining a life expectancy report
• Creating insurance illustrations
A competent advisor should be able to help determine which provider or broker to work with.
Life settlements involve many questions and there are many choices.
In many life settlements, we find the policy owner doesn’t even know what they don’t know.
We have found that in almost all cases a competent financial advisor can help enhance the value of a policy sale and, also, reduce the effort required of the owner. Click the LIVEpdq link to be connected with a competent financial advisor.