Originally Posted by Steve Savant
Currently the inventory of life insurance policies is low and the demand in the life settlement is high.
Yes, it’s truly justified that instead of saving a cash asset one should have a life settlement plan, but before that you must have to contain a complete knowledge about the process.
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. It offers a reasonable and profitable exit strategy that reports the financial goals of policy holders. Hence, there is absolutely no reason to hold onto an unattractive policy when higher guarantees and higher coverage at lower premiums are a market option.