Life Settlement Insurance – Questions
Posted by The Policy Settlement Alliance on Fri, Jul 30, 2010 @ 04:03 PM
By Scott J. Dressel
What is life settlement insurance? Generally this refers to a life insurance policy on an individual life which has been sold to a disinterested third party after the contractual contestability period has expired. Who buys these policies? Typically institutional investors will buy numerous policies to be held in a pool of life settlement insurance assets. Maturity for an individual policy takes place when the death of the insured happens. Who sells their life policy? Typically insured’s who no longer have a need for the coverage or the premium expense has become prohibitive. People who no longer need their life coverage consist of insured’s whom no longer have a financial obligation to a third party be it a spouse, children or another financial commitment. Another individual may be looking to sell their life insurance due to lack of funds to pay ongoing premium commitments. Life settlement insurance is an asset class which has value to both the seller and the buyer. If you have a life policy you no longer wish to own visit our LIVEpdq link for a free policy review.
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