The act of a life insurance policyholder selling his/her policy to an outside party for the fair market value of it. The outside party becomes the primary beneficiary of the policy and collects the funds after the seller dies. In some cases the market value of the policy exceeds the face value and that's why some people choose to sell the policy and reinvest the funds.
Related information about life settlement:
- Life settlement - Wikipedia, the free encyclopedia
A life settlement is the sale of an existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit. There are ...
- Life Settlements, Life Settlement | Amrita Financial
Life settlements, also known as senior life settlements or life insurance settlements, allow people to generate cash by selling their existing life insurance policy.
- Life Settlement & Viaticals - Senior Life Insurance Settlements
A life settlement and viatical company. Sell your senior life insurance policy through Ideal.
- Life Settlement, Life Settlements | Opulencapital.com
Opulencapital: Life Settlement at Opulencapital.com will negotiate the largest settlement for you. Life Settlements are our business, call today 877-678-5361 for a ...
- Seniors Beware: What You Should Know About Life Settlements - finra
Jul 30, 2009 ... The life settlement market emerged as an offshoot of the viatical settlement industry that developed in the 1980s as a source of liquidity for AIDS ...
- Investor Bulletin on Life Settlements
Jan 19, 2011 ... In a “life settlement” transaction, a life insurance policy owner sells his or her policy to an investor in exchange for a lump sum payment.
- Life Settlement History
In a life settlement transaction, the policy owner is usually at least 65 and not terminally or chronically ill. Just as in a viatical settlement transaction the individual ...
- Life Settlement Solutions, Inc.
Life Settlement Solutions, Inc., is an originator of life settlements providing owners of senior citizen insurance policies with the opportunity to convert their life ...