What Is A Life Settlement?

Aug 28, 2020 9:44:09 AM / by LISA posted in Alternatives to Lapsing or Surrendering

0 Comments

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. In a life settlement transaction, the policy’s owner transfers ownership of the policy to the buyer in exchange for an immediate cash payment and, in some instances, a reduced interest in the death benefit for the policy’s beneficiaries.

Read More