Life Insurance Settlement- Financial Security for Policy Holder

Life Insurance Settlement- Financial Security for Policy Holder There are different levels of financial transactions taking place in the world economy. The life insurance settlement defined as the financial transaction in which the policy owner sells an... More

Life Insurance Settlement- Financial Security for Policy Holder There are different levels of financial transactions taking place in the world economy. The life insurance settlement defined as the financial transaction in which the policy owner sells an insurance policy to a third party. The rate is often lesser than the face value and greater than the cash value. The additional value from the lapsed policy or surrendered policy is often handed over to the insurance company. Thus this type of settlement can be considered as one of the best alternative to avoid the policy lapse or surrendering when the insurance policy is no longer needed or when the premium becomes unaffordable by the policy holder. There are several providers of such life settlementswho provide the service of a purchaser during transactions. These providers are often responsible to pay a sum greater than the actual value expected to receive on surrendering the policy. Most of the top insurance providers keep th Less