Life Settlements offer a unique opportunity both to the insurance and financial professional and the policyholder. As circumstances change, the ability to obtain cash from the sale of a life insurance policy can be particularly valuable. The majority of Life Settlements transactions are entered into for the purpose of purchasing other valuable insurance and financial products. Life Settlement proceeds are unrestricted and can be used to fulfill a wide range of financial and estate planning objectives for your client. The settlement amount is determined by such factors as the policy parameters, age, and health of the insured.

Benefits for the Insurance and Financial Professional

• Use the proceeds to sell replacement coverage, annuities, etc.
• Creating new capital for your clients
• Offer new value-added service to your clients
• Receive commissions from the Life Settlement
• Reduce lapse rates

Benefits for the Policy Holder

• Fund new, more cost-effective life insurance like a survivorship policy
• Provide cash gifts to family members
• Provide funds for charitable giving or to establish a charitable remainder trust
• Removing a policy from an estate due to a reduction in size or projected tax liability
• Receive a considerable amount above the surrender cash value of the policy

Benefits for the Corporate Policy Holder

• A key-man policy is no longer needed due to retirement or change in business structure
• Pay off company’s debt
• Bankruptcy forces liquidation of assets
• Buy/Sell agreement is no longer needed due to the sale of the company
• Changes in a deferred compensation program

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