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The Norseman Group has a complete understanding of the life settlement business and wants to provide your client the safest path to a completed transaction. When circumstances change, and a life insurance policy is no longer needed or affordable, selling a life insurance policy for more than its cash surrender value may be exactly the right recommendation for a financial planner to make. On this page you will see what circumstances will lead to the best life settlement. The graphs shown at the left gives you the basic parameters for a successful case.
Click on the education page for a more in-depth senior life settlement insurance education, insurance compliance for your state and further insurance continuing education.
Why sell a policy and applicable death benefit?
- When insured…
- …no longer needs to pay estate taxes
- …can no longer afford the premiums
- …has outlived their beneficiaries
- …business sold, if used to fund a buy-sell
What kind of policies can be sold?
- Traditional and variable universal life insurance
- Convertible term life insurance
- Survivorship life insurance
- Whole life insurance (rarely qualifies)
- Cash value life insurance
What to do with the proceeds from a life insurance settlement?
Experience has shown that many life settlements result in a new sale of a product or service, such as:
- Long term health care
- Annuity
- New investment
- Life insurance
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