Life Settlement Concept
February 7th, 2008 by lsThe concept behind a life settlement can be very simple:
A owner of a life insurance policy sells his or her ownership rights, usually through a broker, for a lump payout that is usually three to four times the cash value of the policy, surrender amount, or by lapsing the policy to the life insurance company. The buyer or purchaser, usually an institutional investor (aka Life Settlement Provider), takes over payment of the premiums and collects the death benefit once the insured person passes away.
If you are interested in a Life Settlement, please call 1-888-973-8377. We would be glad to assist and answer any questions you might have.
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