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Did you know that many types of insurance products qualify for life settlement including universal, term, variable, and survivorship.
Did you know that a life insurance policy is an asset? Similar to your investment portfolio home, or valuable collectibles? A life insurance policy can be sold for its appraised value in a secondary market to the highest bidder.
Did you know that 80% of life insurance policies are surrendered, lapsed or simply left to evaporate and terminate, thus losing value, yielding substantially less value to their owners than what the value of the policy would have been? Did you know that the average life settlement may yield between 10% to 45% of the coverage (face amount) payable to the policy owner, or insured, BEFORE the death of the insured?
Did you know that the sale of a policy to a third party may yield a return between 4 to 15 times the cash surrender value of the policy?
Did you know that your insurance agent/broker has a fiduciary obligation to advise you of the potential value of your life insurance policy?
Did you know that a life settlement sale is held in the strictest compliance, and that absolute confidentiality
of your identity is assured once you enter into a sale?
The asset nature of a life insurance policy was established in a landmark Supreme Court case–Grabs v. Russell–in 1911 that established the personal property rights of an insurance policy owner. This case put a life insurance policy on the same legal footing as more traditional investments like stocks and bonds, allowing the policy owner to transfer and/or sell the policy to another person. Unfortunately, it has taken almost a century until a new industry was born to help seniors take advantage of the hidden value in their life insurance.