WHAT IS A LIFE SETTLEMENT?

A Financial Planning Tool

Life settlements are an alternative to the surrender of, borrowing against, or lapse/cancellation of a life insurance policy. The ability to receive a lump sum cash settlement for a life insurance policy has created a new financial planning opportunity for individuals, businesses and estates.

Until recently, the owner of an unneeded or unwanted policy had two options – sell the policy back to the company that issued it for its cash surrender value (if any) or allow the policy to lapse.

Now these policyowners have a better option: the secondary market for life insurance, also known as Life Settlements.

A Life Settlement is the sale of a life insurance policy to a financial institution for a lump sum cash settlement. The buyer becomes the policyowner, assumes the premiums and becomes the beneficiary. 

	Click on the links below for Additional Information...
	What is a Life Settlement?    Life Settlement Qualifying Test Guide   Contact Information Ashar Group Universal Life Settlement Application Coventry Simplified Underwriting Life Settlement Application* Coventry Life Settlement Application    Additional Resources and Links    *Simplified Underwriting Application may only be used for face values between $100K and $500K.  Please check with our office prior to using this form as other requirements apply.