“clients that are contemplating letting their policies lapse should first explore their life settlement options”
Regulation in the Life Settlement Market
The idea that the life settlement market is still an uncharted or unregulated industry, although still common, is no longer accurate. The life settlement industry is regulated in most states and vital industry organizations like the Life Insurance Settlement Association have provided a safe haven for advisors and clients to gain education and insight into the industry. The robust regulation and unification of the life settlement industry has further worked to protect seller’s privacy and rights
Are Life Settlements Only for the Terminally Ill?
Looking back over the past three decades we can trace the origins of the life settlement industry to the viatical market popular among aids patients in the 1980’s. Since then the industry has been completely transformed and refined.
Currently when considering a life settlement, it is standard for individuals to have a life expectancy in excess of 24 months, in fact it is not uncommon for the policy holder to have a life expectancy up to 120 months.
If you are looking for more information on how to work with life settlements feel free to contact us.
For a quick estimate of a clients policy value be sure to use our online life settlement calculator.