Unveil Secret Life Insurance Policy Settlement Strategies Now
How Life Settlements Work
The life settlement process typically involves several steps. First, a policyholder must determine if their policy qualifies for a settlement. Generally, policies with a face value of $100,000 or more are considered1. Next, the policyholder approaches a life settlement provider or broker, who will assess the policy and make an offer. If the offer is accepted, the policyholder receives a cash payout, and the buyer assumes responsibility for premium payments and receives the death benefit upon the policyholder's passing.