It’s an undeniable fact that an overwhelming number of life insurance polices never pay a death claim. Policy owners pay years of premium and then abandon a policy for pennies on the dollar. These lost opportunities should not be happening today because of the many options offered by the secondary market. A life settlement offers options for a policy holder to obtain much needed funds. Life settlement options can provide funds for mounting health care costs, reduce a large premium that that has become unaffordable, or merely receive a greater benefit for a policy that is no longer needed. Additionally, in the U.S. as with other products in the insurance industry, selling insurance policies in the secondary market is regulated and supervised at the state level.
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