Financial Advisor Information
The emergence of the secondary market for life insurance policies has been pro-competitive and pro-consumer.”
- The Wharton School and Criterion Economics, LLC

What is a Life Insurance Settlement?

Many people are unaware that you can take your about-to-lapse, unsuitable, or unwanted insurance policy and turn it into a cash asset today. This is due to the fact that life insurance is a personal property and as the owner you have the right to sell it.

A Life Settlement is the sale of a life insurance policy to a third party. The policy sells for a percentage of the its net death benefit, which is always greater than the issuing insurance company will pay for the surrender of the policy. Factors such as age, expected life expectancy, and policy characteristics such as premium costs determine the amount.

Whenever senior policy owners are considering surrendering a life insurance policy for any reason, they should explore the life settlement option with their financial advisors. It may be a more lucrative alternative to allowing the policy to lapse or surrendering it.

Life Settlements presents the ability to satisfy your current financial needs because it provides the unique opportunity to receive the “true market-value” for an existing life insurance policy and re-allocate those funds in any way you decide. The policy appraisal process is also risk free, private, and does not require any medical examinations. In fact, seniors can use the cash settlement for anything they need or anything they desire with no restrictions.

 

 

 


.
Website Design by Zeus  
HOMEFINANCIAL ADVISORSADVISOR RESOURCES ABOUT VERISCONTACT US
Copyright 2011 Veris Settlement Partners

Veris Settlement Partners, Inc. is a multi-state viatical and life settlement broker. Veris Settlement Partners, Inc., and/or its affiliate firms Chesapeake Financial Settlements, LLC and Select Life Settlements Corporation, and/or one of its four directors as individuals, is licensed as a life settlement broker or viatical settlement broker in the following regulated states: AR, CT, FL, GA, HI, IN, LA, MD, MS, NC, NJ, NY, PA, TX, UT, VA.

Depending on the medical condition of the insured, Veris Settlement Partners, Inc. may or may not be able to broker a life insurance policy owned by a resident of the following states: CA, DE, IL, MA, MN, NM, OR, VT, WA, WI.

Veris Settlement Partners, Inc., and/or one of its four directors as individuals, may broker a life insurance policy owned by a resident of the following states that are not regulated and do not require licensure: AL, AZ, DC, ID, MI, MO, NH, RI, SC, SD, WY.

Some or all of the proceeds from a life settlement may be taxable under federal or state income tax laws.  Advice from a professional tax advisor is recommended. Veris Settlement Partners, inc. is not a viatical or life settlement provider.

This Compliance Notice is current as of August 15, 2008 and is subject to change.