Derek Welsley has this to say in his article. The introduction of life settlements has created a secondary market for life insurance policies in which policy owners can receive a fair market value for their policies. THis is the point. Holders can find good and true market values if they sell in the secondary market. In the past policy owners who no longer wanted their policy had the option to either…
A.) Surrender the policy back to the insurance carrier for its Cash Surrender Value
B.) Let the policy lapse and receive nothing.
Now the policy owner has the option to…
C.) Conduct a life settlement and receive a payment that typically doubles or triples the Cash Surrender Value offered by the Insurance Carrier.
Derek Wilsey - has most of this right, although I would say that the best fit for you needs is lifesettlementscorp.com
Tags: Article on Settlements