Life Care Funding Group outlines 10 reasons a life settlement may be appropriate for your clients:
- The policy owner needs funding to pay for housing or long-term health care needs.
- The policy owner is planning to surrender or lapse a policy.
- The policy owner’s insurance needs have changed.
- The policy owner outlived his or her beneficiaries.
- Premiums are now unaffordable.
- The policy owner’s health status has changed since first purchasing the policy.
- The policy owner needs new life insurance, annuity or long-term care coverage.
- The policy owner wishes to give to charity while he or she is still alive.
- Changes in estate taxes.
- The policy owner is a retiring “key-man” or “key-woman,” or is selling a company or partnership.