The Definition of a Life Settlement
Settlement MastersTM definition is the sale of a life insurance policy to an institutional trust in return for cash to the policyowner.
A life settlement provider and institutional fund work hand in hand so the institutional fund becomes the new policyowner, is responsible to pay any premiums that are due in the future, and eventually collects the death benefit from the insurance company.
A life settlement is a big decision. You are the one who ultimately decides whether it's a great idea or not based on your existing needs. We understand that it's hard to make an informed decision, especially if your knowledge about life settlements, is limited. Call (877) 927-7243 so we can guide you. Settlement Masters is here to help.
Did you know?
If you are 65 or older or have experienced a change in your health condition, your life insurance policy might sell for more cash than you realize!