Life Insurance Settlements

As people become financially secure, some believe life insurance is no longer needed. They let the policies lapse or cash them in. This usually leaves money on the table – or in the pockets of the insurance company. 

Oswald’s life insurance team can help you explore your options.  

• Life insurance settlement: Consider selling your life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit. This is similar to a Viatical Settlement, or a person who is selling his policy (Viator) who is terminally or chronically ill. 
• Life settlement market: The market could provide greater value than surrender and is becoming a popular method of generating cash for older adults. 

To learn more about life insurance settlements, download the article below and contact us to discuss your options.