Reasons for a Life Settlement
- Beneficiary has passed and coverage is no longer needed
- Premiums are no longer affordable
- Current policy is underperforming
- Long term care needs to be funded
- The money obtained through a life settlement can be used to better to fund other investments, pay for bills, enjoy a vacation, or bequest beneficiaries while you are living.
- People are living longer ( In this case most clients will sell their policy and purchase a policy with lower premiums.)
- These cheaper premiums can be obtained because the population is living longer.
- Enhance quality of life
- Other Estate Changes haven taken place