Life Insurance Settlement
http://insureme.us/life-insurance-settlement/
Life insurance settlement is the process involving the sale of an insurance policy by an elderly policyholder with only a limited life expectancy to a third party investor. Typically, the policy will be paid for with an amount that is less than the policy’s face value but is more than the cash surrender value. One other significant problem involving life settlements is the issue of suitability. The issue of suitability usually refers to the insurance agent selling someone an insurance policy they don’t need, or won’t benefit from. With regards to life settlements, it refers to an insurance agent’s advising someone to sell a life insurance policy that the policyholder clearly needs and whose family would stand to benefit from in the long run.
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