Group life insurance policies, as well as key individual insurance policies, may qualify for a life settlement under certain conditions.
Like any other life settlement scenario, the insured should be over 65 years of age. Seniors and people with a serious and life-threatening illness tend to represent more value in a life settlement situation because their average life expectancy is shorter – which is of interest to investors willing to purchase the policy for an up-front cash amount.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
