Selling senior life settlements insurance

There are various reasons why a policy holder may want to hire a broker to handle senior life settlements insurance. These may range from obtaining funds to purchase a more cost-effective life insurance policy, to be able to give financial gifts to surviving family members, to raise funds for charity or when founding a charitable institution, to remove coverage of a policy over a real estate asset due to its pending tax liability or size reduction, or to get cash that amounts to more than surrender value of the said policy.

For those who are unaware of what a senior life settlement is, it’s simply a financial transaction wherein a senior life insurance policy holder would like to sell his or her insurance policy for more than its value in cash money. Basically put, it is part of some bigger financial strategy of the policy holder who has his or her own reasons for selling the policy. It is the given right of every senior life insurance policy holder to engage in such a transaction as is required by financial obligations.

Take note that life insurance settlement isn’t exclusive to senior policy holders who wish to create funds for future financial strategies. It is also possible for corporate policy holders to engage in life settlement as a strategic asset within merger and acquisition negotiations. Other reasons include creating funds for payment of company debts, as a requirement after filing Chapter 7, or when a company is sold thereby extinguishing all requirements for policy buy and sell agreements.