Life Insurance Settlements. Look at Your Options!
hyjui362 wrote an interesting post today on
Here’s a quick excerpt
ADVISOR STRATEGY
Life Insurance Policies Can Be Resold To Investors for More
Than Just Cash Value. Term Policies Too!
The market for reselling life insurance, known as a life settlement, has grown from zero a decade ago, will hit $160 billion over the next few years, according to estimates from the investment firm Bernstein Research. There are over 250 life-settlement firms, which either hold onto the policies for their portfolio or package them for resale to Wall Street. Pension and hedge fund managers are snapping up these investments, eager to lock up returns that are not correlated to the stock market.
All the action is yielding some nice paydays for policyholders, who want out from under their insurance premiums. Those most likely to strike a rich deal are over 65 who have at least $250,000 of coverage and have suffered a decline in health.
How Life Settlements Work
With a life settlement, a policyholder [...]
Read the rest of this great post here