If you or your client has a life insurance policy that is no longer needed—or if premiums have become cumbersome—you may be looking at a lapse or surrender of the policy. However, you can get more money for that policy by selling it as a life settlement. Unlike certain transactions, where going direct might make
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If it’s been awhile since you looked into life settlement options, a lot has changed. Historically, life settlements were limited to whole-life policies, but new developments offer advisors greater flexibility and unlock hidden money for their clients. Term insurance can be converted to permanent insurance and sold as a life settlement. Most people who buy term
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