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Life Insurance Policies

Life Settlements Redefine the Potential of Life Insurance Policies

life insurance policy    In the late 1980s, the AIDs epidemic gave birth to the  viatical market, in which a terminally ill patient would sell their life insurance policy to a viatical firm for more than the cash surrender value.  As AIDS patients began living longer, this  practice eventually evolved into the Life Settlement industry.  Today retirement age citizens with impaired  but not critical health problems are offering their life insurance policies on  the secondary market, selling  to third party beneficiaries for more than the cash surrender value.

    Today the size of this market continues to grow.  Companies like MP Hanley and Associates market policies to a qualified institutional  investor, several in fact, in order to secure the best deal for their  client.  The reasons for selling a life  insurance policy vary from case to case.   Perhaps a client feels they no longer need the policy.  Their children may be grown up and gone,  their estate taxation rate may have gone up, or  their spouse may have died.  Perhaps  their premium is too high.  Or maybe they  just want the money to live out their remaining years comfortably.  Whatever the reason, often times the  opportunity to cash in for several times the cash surrender value is too much  of an opportunity to pass up.  So who  qualifies for such an opportunity, and why?

life settlement    The life settlement market is, as one might imagine, geared  toward retirement age policy holders.   One can qualify simply by being over the age of 65, having a policy  worth over $250,000, and having a life expectancy of 2 to18 years.  Life expectancy will be determined by an  actuarial firm working on behalf of the potential investor.  In fact the investor will do all kinds of due  diligence in order to make sure a policy offers maximum financial potential in  the future.  Future premiums will be paid  by the settling firm, who will then cash in the policy at the time of the  former owner’s death.

    The life settlement market has made a life insurance policy  one of the most valuable and viable personal assets a person can have  today.  Circumstances change, and as they  do more and more people are warming to the idea of a life settlement as a way  to address current circumstances or set themselves up for the remaining years  of their lives.  Whatever the reason, the  option is now there.  In this way alone  times, and the life insurance industry itself, have evolved.

Contributed by MP Hanley and Associates www.mphanley.com

Creative Commons License This work by http://www.businessofbaskets.com/ is licensed under a Creative Commons Attribution-No Derivative Works 3.0 United States License.

The staff of All-Terrain  Medical and Mobility, LLC hopes you've enjoyed the preceding article.  It is our hope that its inclusion on the  All-Terrain website provided you with a fresh perspective and perhaps some  fresh new ideas on the subjects of medical care.  In the future we'll continue to include  pieces that shed new light on great new ways to improve your appearance and  live a more healthy and active life.  Are  you in need of medical care you aren’t currently receiving?  Perhaps you have a disability and are in need  of certain devices that would make your everyday life and everyday functions  easier.  No matter what your issue, it’s  important to remember that help is out there… it’s simply a matter of knowing  where to find it.  Continue to look here  as we promise to point you in a number of exciting directions.  And while you're here, take a look around our  website and learn about the number of ways All-Terrain Medical and Mobility,  LLC can help the physically challenged lead more mobile and active lives.  Thanks for checking in, and be sure to visit  us regularly for more great articles full of exciting new ideas.