 |
A life settlement is a financial transaction in which a policy
owner sells an uneeded or unwanted life insurance policy to a third party. The purchaser becomes the new
owner and beneficiary of the policy and is responsible for all subsequent premium payments.
The secondary market for life insurance allows policy owners to access fair market value for their policies
through the process of competitive bidding. read
more |
 |
|
 |
|
In a life settlement transaction, there is a chain leading from the
seller of the policy to the end buyer of the policy. Each
link in the chain has a different responsibility in facilitating the transaction and ensuring that it runs
smoothly, while outside vendors typically assist the provider with specialized functions.read
more |
| |
 |
|
