Are Senior Life Settlements Viable?
February 3, 2011 by publisher
Filed under Finance & Loans
Senior life settlements have been around for only a few years while life insurance has been around for almost a century. And ever since life insurance was considered to be a ‘transferable asset’, the idea of conducting these transactions when the policy was of no value to them seemed to be a better idea.
During the early days of this industry, attorneys and accountants used to conduct these transactions keeping the policy holder’s best interests in mind. However these days, these transactions are handled by life settlement brokers.
Of course, if the policy holder had to surrender the policy back to the insurance carrier, then it would be at their loss since the surrender value is much lesser in value as compared to the maturity value of the policy in question.
And all this has changed due to the fact that in allowing a third party to purchase their life insurance policy for a better price (based on specific conditions, of course), one will be able to make a life settlements investment that will not only secure them for the remainder of their lives but also leave a little something for their loved one to enjoy and remember them fondly by.
And while all this might sound too good to be true, the truth is that the success rate of selling a policy for a higher value is almost 60 % and above these days.
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