The act of selling a life insurance policy is becoming all the rage these days as people look to turn their illiquid assets into cash they can use. The concept is known as a life settlement. Of course, selling your policy is only a good idea if you get a good price. In this article, we look at the factors involved in the pricing of a life insurance product when selling it.
The sale of a life insurance policy to investors, known as a life settlement, is an unregulated transaction for the most part. It is a tremendous way to turn a life insurance policy into cash now, but how do you actually price the transaction? There are a number of factors considered.
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