A quick look at when a life settlement is the right choice. Each individuals situation is unique and this can present a challenge. Policy holders that are up to the challenge of identifying unique solutions for their financial needs are positioned to preserve more wealth. With that in mind, what are some circumstances in which individuals may find that selling their life … Read More
Life Settlements Common Myths
Many financial advisors are still relying on outdated or inaccurate information when considering life settlements. Life Settlement transactions basically boil down to allowing policy holders to sell their existing life insurance to a third-party life settlement provider, ideally for a cash value in excess of the policies surrender value. Although the benefits of this option are simple and clear, advisors … Read More
A Powerful Tool For Financial Advisors – Life Settlements
These powerful financial tools are often overlooked or misunderstood. Learn how they can fit into your advisor’s toolbox. If you are like many advisors when the subject of life settlements comes up ideas like confusing, unregulated, or just plain creepy may come to mind. With any financial instrument, there are concerns that need to be addressed through proper research and … Read More
The History of Selling a Life Insurance Policy
The Start of the Secondary Market for Life Insurance. In Grigsby v. Russell, 222 US 149, the U.S. Supreme Court ruled in 1911 that consumers have the legal right to sell a life insurance policy to a third party. Justice Holmes wrote, “To deny the right to sell except to persons having such an (insurable) interest is to diminish appreciably the … Read More