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Policy Settlement
"If you go the life-settlement route, start with an estimate of the policy's market value. You can use the free tool (LIVEpdq) at policysettlement.com, which is run by Norman Hood." - Kiplinger's Retirement Report. July 2008.
SENIOR SETTLEMENT EXAMPLE
MALE - Age 73$1,500,000 Universal Life
- $71,000 Annual Premium
Life Insurance Settlement Amount of $205,000
After selling his company, the majority stockholder decided to also sell his key man policy using a life settlement. He later gifted the senior settlement proceeds to his children to help them get ahead in life while he was still living to watch them enjoy it.
Want to know what YOUR policy is worth?
Start LIVEpdq Here
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