Mississippi life settlement agents are required by law to disclose certain information to consumers that are considering a settlement. A life settlement is the sale of a life insurance policy for more than the cash or surrender value, but for less than the death benefit.
Since life settlements have become popular with seniors that have life insurance policies that are unaffordable or no longer wanted, many states have passed legislation to protect seniors during the transaction. Mississippi life settlement agents are required to inform consumers as to all options regarding their life insurance policy.
Other options may include keeping the policy, surrendering the policy for cash value, or lapsing the policy by ceasing to pay premium payments. Mississippi life settlement agents are required to keep the consumers best interest in mind and advise them in the best course of action.
Knowing ahead of time whether or not your policy has value is key. Our online valuation tool, LIVEpdq, can be used to find out if your policy has value in a matter of minutes.