Life Settlements

A Life Settlement constitutes the sale of a US life insurance policy to a third party, where the insured has an impaired life expectancy. In exchange for a payment in excess of the policy’s cash surrender value, or even if non exists, the purchaser becomes the new owner of the policy. The new policy owner pays all future premiums during the remaining life of the insured and collects the full ‘face value’ of the policy on maturity.