What is a life insurance settlement, life settlement company, life settlement broker and life settlement industry?

A life settlement is a transaction in which a life insurance policy owner has an unneeded or unwanted life insurance policy. The policy owner sells the insurance policy at fair market value to a third party at a price that is greater than the cash surrender value offered by the insurance company. The purchaser involved in the "life settlement transaction" becomes the new beneficiary of the policy when it matures and they are responsible for all future premium payments.

Usually, life settlements are an option for high-net-worth policy owners age 65 or older. Many policy owners are unfamiliar with life settlements, life settlement companies, life settlement brokers, and quite frankly the life settlement industry. They are unfamiliar with these entities until a life settlement agent presents the idea to them.

For more information on life settlements, please contact your life settlement agent Derik Tutt, at 404-200-5532. We will be glad to review your policy and determine if a life insurance settlement is the best way to achieve your objective.