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Life Settlement Marketplace?
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WHAT IS THE LIFE SETTLEMENT MARKETPLACE?


The Life Settlement Marketplace is the term used to describe an industry that serves as the secondary market for existing life insurance policies. This secondary market provides life insurance consumers with an alternative to a lapse or surrender of a life insurance policy. In a transaction called a life settlement, a policy owner sells their policy for a fair market value to a state licensed financial institution called a life settlement provider. Generally, life settlement providers purchase policies from policy owners in exchange for a lump sum of cash, take over all premium payments and collect the death benefit from the life insurance company upon the death of the insured.

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Related Pages: Sell Your Life Insurance Policy for Cash