A life settlement is the sale of an existing life insurance policy to a third party for more than its cash surrender value but less than its net death benefit. Such transactions are usually undertaken -- based on the insured's shortened life expectancy -- for the purposes of estate or financial planning. The option also is available to some people who are terminally ill.
We can help you understand when a life settlement might be the appropriate solution for one of your clients. Speak to our Case Design team about this option to see if it might be a good solution for your client.