What is a Life Insurance Buyout?

sell-your-life-insurance-01

 

A life insurance buyout is another term for a life settlement, which is fancy talk for the process of selling your life insurance to a third-party investor. It’s a simple transaction that gives your an upfront cash payout in exchange for the death benefit at a future date. This could be a good option if you have a life insurance policy which you no longer want, need or can afford. This article summarizes the important things you need to know about a life insurance buyout.

Read more

Facebooktwittergoogle_plusredditpinterestlinkedinmail
 

When Should Seniors Consider a Life Settlement?

 

704369

 

Are you a senior considering a life settlement? It could be a great financial option for you and your family depending on the scenario. 

Whether or not you should consider a life settlement depends on your personal financial situation, goals, and needs. In general, a policyholder may consider selling their policy because their current financial situation does not warrant the need for a policy any longer. Below are some of the most common reasons why policyholders may abandon their policy.

Read more

Facebooktwittergoogle_plusredditpinterestlinkedinmail