Sell Your Policy?Sell Your Policy?
Who should consider life settlement as one alternative to managing life insurance capital? When is a settlement a wise decision? What factors should be considered before selling a life insurance policy? Who will benefit from a settlement? Have most of the possible outcomes been considered? These are all difficult questions with no right answer. A life settlement1 is defined as the sale of an existing
Allan Goldstein, chief executive officer, Leigh Harter, managing director and David Holaday, asso
Who should consider life settlement as one alternative to managing life insurance capital?
When is a settlement a wise decision? What factors should be considered before selling a life insurance policy? Who will benefit from a settlement? Have most of the possible outcomes been considered?
These are all difficult questions with no right answer.
A life settlement1 is defined as the sale of an existing life insurance policy to a third-party for an amount greater than the policy's cash surrender value and less than the death benefit. This alternative market for life insurance policies began to emerge in the early 1990s as institutional investors (s...
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