Krasner
Life Settlements
A life settlement is the sale of an insurance policy by a senior citizen to a third party institutional buyer. Any senior citizen 65 and older with an inforce insurance policy with a death benefit of over $250,000 is eligible. No longer due senior citizens with unwanted or unneeded needs to take the cash surrender value of the policy or let lapse. Seniors now have the option to sell the ownership and beneficial interest in the policy for cash considerations today.
Premium Finance
Whether for estate planning or wealth transfers purposes, senior citizens have an increasing need for life insurance. However, the high costs of insurance for insured’s age 65 and older preclude many of today’s aging baby boomers, who are asset rich and cash poor, from purchasing the coverage they need. The same banks and hedge funds that are buying insurance policies in life settlement transactions are also financing the premiums on newly originated policies for senior citizens. Premium finance is the lending of funds to a person to pay the premiums of an insurance policy.
Direct Life Settlement
Coming soon…