What Is A Life Settlement?

• The sale of an existing life insurance policy to a third party investor for an amount that exceeds cash surrender value but is less than the policy face value
  


• Seller receives a lump sum and relinquishes all ownership rights of the policy
  


• Investor assumes premium payments and keeps policy in force
  


• Upon death of insured (maturity), investor receives benefit
  


• An exit strategy for financial professionals and clients for unnecessary or under-performing life insurance policies