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Life Settlement Broker Individual Statement SFN 50502  Form

Life Settlement Broker Individual Statement SFN 50502 Form

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so what is a life settlement a life settlement is the sale of an existing life insurance policy to a third party now the policyholder gets paid cash right now say fifty thousand or hundred thousand or two and a thousand dollars right now and the investor collects on the policy when that person dies they save five hundred thousand a million or two million dollars for example let's say for example Joe is a 79 year old retired executive his two children are in their 50s and they have stable careers his wife is passed and his company had been paying on a two to five million dollar life insurance policy during his employment with the company and then he since retirement has been paying let's say the $20,000 or so per year on the policy and he decides he no longer needs it maybe Joe can simply not afford the premium payments anymore maybe Joe simply wants the money what can he do well one he can stop paying the premiums and the policy will just vanish in fact 98% of policies just vanished in

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