Explaining Life Insurance Settlements

A life settlement is the sale of a life insurance policy covering a person who has a limited life expectancy -- normally 10 years or less. It presents a unique opportunity to extract the maximum value of a Senior's existing life insurance policy and repurpose those funds for whatever financial needs they may have. Until recently, the owner of an unneeded or unwanted policy had two options -- sell the policy back to the institution that issued it for its cash surrender value (if any) or allow the policy to lapse. By utilizing the services of Life Insurance Settlement, Inc. (LIS), your client's life insurance policy will be submitted throughout the secondary market. Each new offer generated through this process results in more money for your client, thereby providing a greater financial portfolio for you to manage as their trusted financial advisor or agent.