“45 states regulate the selling of a life insurance policy”
The Market For Selling a Life Insurance Policy
The secondary market is a liquid market that Life Settlement Providers maintain. It provides a safe and efficient forum for investors to bid on existing life insurance policies. The Providers facilitate the transaction that transfers the investment capital to the policy owners and further fulfills all the transactional paperwork to shift the ownership of the policy from the current policy owner to the buyer. In the end the policy owner realizes a cash infusion that is dictated by certified life expectancy estimates and the investor receives a fair investment yield that reflects the risk and projected term of the investment.
With the growing need for liquidity in the senior market Life Settlement Providers add a necessary resource for covering growing costs such as long term care and other retirement expenses.
If you are looking for more information on selling your life insurance policy feel free to contact us.
For a quick estimate of your policy value be sure to use our online life settlement calculator.