- Book
- June 2009
- 280 Pages
The Life Settlement market is a subset of the Life Insurance industry. It involves the sale of existing life insurance policies to third-party investors. These investors purchase the policies from policyholders, who receive a lump sum payment in exchange for the policy. The investors then become the beneficiaries of the policy and receive the death benefit when the insured passes away.
The Life Settlement market has grown in recent years, as policyholders have become increasingly aware of the option to sell their policies. This has allowed them to receive a cash payment that is often greater than the cash surrender value of the policy.
The Life Settlement market is regulated by state insurance departments, and the policies must meet certain criteria in order to be eligible for sale.
Some companies in the Life Settlement market include Life Insurance Settlements, Inc., Life Settlement Solutions, and Life Settlement Exchange. Show Less Read more
