When is it time to consider cashing in a life insurance policy for its Life Settlement value?
If a policy owner has outlived the purpose of a life insurance policy, has decided that it has become an under-performing asset, or has had a life event that requires liquidity– then selling a life insurance policy through a Life Settlement transaction should be considered. Q: What are some common circumstances for initiating a Life Settlement? A: Some common circumstances that others encountered when initiating a Life Settlement include: Does the policy owner require funding to pay for senior housing and long term care needs? Is the policy owner planning to surrender or lapse a policy? Have insurance needs changed? Has the insured outlived his/her beneficiaries? Are premiums now unaffordable? Has the insured’s health status changed since policy inception? Does the insured need new life insurance, annuity or long term care coverage? Does the insured wish to give to charity while they are still alive? Are estate taxes changing? Is the insured a retiring “key-man” or selling a company/p
