Help policyholders pay for medical bills, living expenses and more

Life insurance is an asset just like anything else you own. If your clients find themselves at a stage in their life or business where a life insurance contract is no longer needed they may have an additional option. Traditionally your clients can stop paying premiums and causing the policy lapse or if it is a cash value contract canceling the policy and taking the cash surrender value. An additional option to consider is to sell the policy in the secondary market. Even policies without a cash surrender value may have a value in the secondary market. So before you clients stop paying the premiums and letting the policy lapse get a secondary opinion of that the true value of the policy would be if they decided to sell it.

We partner with a number of firms that will appraise your client’s policy and health to determine the potential value of their policy in the secondary market. If indeed it is determined the policy has value in the secondary market your case can be formally underwritten and presented to institutional buyers to determine a competitive offer for your client’s contract.

The life settlement option allows policyholders to use the proceeds of the sale to help pay for medical bills, living expenses or anything else they choose.