Life Settlement Articles & News

 

 

Selling Your Life Insurance Policy?  A Consumer's Guide to a Life Settlement.

 

Deciding to keep a life insurance policy, surrender it, let it lapse, or sell it as a life settlement, requires careful thought.  The purpose of this Insurance Studies Institute document is to help you become more informed and to understand your choices.

 

http://www.insurancestudies.org/Consumers/ConsumersGuideInsuranceStudiesInstitute.pdf

 

Why Life Settlement? The Benefits of Choosing a Life Settlement

 

Results of a recent survey showed that 60-70% of seniors do own life insurance, but only 50% have some knowledge of life settlements.  The Purpose of this Insurance Studies Institute document is to inform seniors about life settlements, the steps in a life settlement and what a consumer can expect. 

 

http://www.insurancestudies.org/articles/WhyLifeSettlements.pdf

 

Have Questions about a Life Settlement?  Top Ten Questions about a Life Settlement.

 

The New York State Insurance Department has provided seniors with a guide that includes frequently asked questions about a life settlement, the processes and procedures of a life settlement, and the implications of undertaking a life settlement.

 

http://www.ins.state.ny.us/que_top10/que_life_set.htm

 

CharlesEdwards Wants Seniors to Understand and Avoid STOLI

 

A life settlement is a legal transaction whereby the owner of a life insurance policy sells his or her life insurance policy in return for an amount that exceeds the cash surrender value.  In contrast, a STOLI (Stranger Originated Life Insurance ) is an illegal transaction where a third party, convinces a person to take out a life insurance policy with an agreement that the third party will assume ownership of the policy in return for some sort of compensation.  The prominent operators in the life settlement industry adamantly oppose STOLI and have sought laws and regulations to stomp out STOLI activities.

 

This Insurance Studies Institute article explains the difference between a Life Settlement and STOLI and provides information on how to avoid STOLI.

 

http://www.insurancestudies.org/series/ISI_LifeInsuranceSettlementSeries_IV.pdf

 

 

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