LIFE SETTLEMENT GLOSSARY EXAMPLE
MALE - Age 69
$500,000 10 Year Level Term
- $1,985 Annual Premium
- $13,882 Conversion Annual Premium
Life Insurance Settlement Amount of $16,500
A retiree was about to drop his expiring term policy when he discovered it could be converted and sold using a life settlement.
As a result of the sale, he recovered most of the term premiums he had paid over the past ten years and used the proceeds to offset the cost of an extended tropical vacation.
LIFE SETTLEMENT GLOSSARY / LIFE SETTLEMENT DICTIONARY
Our life settlement glossary works like a life settlement dictionary to help you better understand key words and phrases.
It also links to pages on our site and others to provide more information about specific topics.
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