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AssetBuilder Inc. - Registered Investment Advisor » Scott Burns Conversations » Retirement » Life Settlements?

Life Settlements?

Last post 09-18-2008 6:01 PM by scottb. 1 replies.
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  • 09-17-2008 1:48 AM

    Life Settlements?

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    Hi all,

     

    I have one life insurance policy too many, and I'm a little low on cash flow.  Has anyone heard of life settlements?  Apparently you can sell your life insurance policy.  I saw it on this site, life insurance settlements, and I was wondering if it was legal and how it works, exactly.  Can anyone please advise?

    Thanks,

     Harvey
     

  • 09-18-2008 6:01 PM In reply to

    Re: Life Settlements?

    Reply Contact

    Harvey,

    It's legal and it can work. It is, however, a new and unregulated area so it is possible to receive much less money than you really should because the intermediaries are working to keep a very large "spread" between what they pay for a policy and what they sell it for.

    Scott
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