LIFE SETTLEMENTS: NEW OPTIONS...NEW BENEFITS
Life insurance is a valuable asset. It can provide financial security and peace of mind. Traditionally, when personal or financial circumstances changed, policy owners had few policy options. Maintaining the policy through the continuation of premium payments or policy loans often did not make financial sense. On the other hand, surrendering a policy for little or no cash allowed the policy’s value to evaporate.
Today, an innovative option has emerged. Life Settlements offer the opportunity to exchange a policy on the secondary market for a cash settlement. Life Settlements provide new options and new benefits for policy owners.
Settlement Benefits Association is dedicated to helping you understand and maximize the value of life insurance. Start learning about the Life Settlement option with Settlements Explained. To see the benefits for an individual policy, request a free policy evaluation.
Life Settlement Resources
- Case Summaries
- Testimonials
- Articles for Financial Professionals
- Articles for Policy Owners
- Planned Giving
- More Resources
Life Insurance Producers, Attorneys, CPAs, Estate Planners, and Financial Planners: Life Settlements offer an opportunity for you and your clients to benefit from no longer wanted or needed life insurance.
With Life Settlements, you can often exchange your life insurance policy for a cash settlement in excess of the cash surrender value of the policy.
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Life Settlement licensing requirements vary by state. In some states, life agents and other financial professionals must be licensed to source policies or receive commissions. Settlement Benefits Association is not licensed in all states. Some or all of the proceeds of a Life Settlement may be taxable under federal or state income tax laws. Advice from a professional tax advisor is recommended. This web site is not currently approved in the states of Oklahoma or Texas. This web site does not apply to variable life settlements. Receipt of proceeds may impact eligibility for government benefits and entitlements. Prior to sale, the insured should consider the continued need for coverage, impact to estate plans, availability of insurance, cost of comparable coverage or tax implications.