When is life settlement the right choice?

 

• When the policy owner can no longer afford to pay premiums.

• When the beneficiary of the policy is deceased and benefit is no longer needed.

• When the need for life insurance has decreased over the years.

• Consider these situations: the owner is now divorced, the kids are out of college and well off; debt and house are paid-off.

• When the policy owner has an increased need for health and long term care insurance and other investments and needs additional funds to secure them.

• When the estate of the policy owner has changed and the projected tax burden has been decreased (consult a tax advisor as the estate tax laws have been changed recently).

• When the policy owner just needs cash.