It has been suggested that Viatical settlement be merged into this article. (Discuss) Proposed since January 2024.
A life settlement is the legal sale of an existing life insurance policy (typically of seniors) for more than its cash surrender value, but less than its net death benefit, to a third party investor.[1] The investor assumes the financial responsibility for ongoing premiums and receives the death benefit when the insured dies. The primary reason the policyowner sells is because they can no longer afford the ongoing premiums, they no longer need or want the policy, to fund long-term care, increased medical costs, or they need money for other expenses.[2][3] On average, the policyowner receives three to five times more than the surrender value for the policy.[4][5]
In a retained death benefit transaction, policyowners receive cash payments and their beneficiaries also receive a payment after the insured dies. After the transaction has closed, there are no future premium obligations[6][7]
Term, permanent, or whole life insurance policies qualify for life settlement. Most commonly, universal life insurance policies are sold.[8][9][10] Policyowners are generally 65 or older and own a life insurance policy worth $100,000 or more.[10]
^LISA. "What Is A Life Settlement?". blog.lisa.org. Retrieved 2020-09-17.
^Delafuente, Charles (2010-03-03). "When Life Insurance Is More Valuable as Cash". The New York Times. ISSN 0362-4331. Retrieved 2021-11-11.
^Janu, Afonso V.; Naik, N. (2014). "Empirical investigation of life settlements: The secondary market for life insurance policies *". S2CID 168119134. {{cite journal}}: Cite journal requires |journal= (help)
^Hodson, Jennifer (2009-02-05). "Life-Settlements Industry Sees Growth". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-10-27.
^Cirillo, Anthony (10 February 2021). "Seniors: Your Life Insurance Could Be a Source of Income". U.S. News.
A lifesettlement is the legal sale of an existing life insurance policy (typically of seniors) for more than its cash surrender value, but less than...
A viatical settlement (from Latin viaticum, something received before death) is the sale of a policy owner's existing life insurance policy to a third...
Israeli settlements, also called Israeli colonies, are the civilian communities built by Israel throughout the Israeli-occupied territories. They are...
expectancy Lifesettlement Pet insurance Retirement planning Return of premium life insurance Segregated funds Servicemembers' Group Life Insurance Term life insurance...
The Pale of Settlement was a western region of the Russian Empire with varying borders that existed from 1791 to 1917 (de facto until 1915) in which permanent...
A structured settlement is a negotiated financial or insurance arrangement through which a claimant agrees to resolve a personal injury tort claim by receiving...
Jamestown Settlement is a living history museum operated by the Commonwealth of Virginia, created in 1957 as Jamestown Festival Park for the 350th anniversary...
The Permanent Settlement, also known as the Permanent Settlement of Bengal, was an agreement between the East India Company and landlords of Bengal to...
which humans live and work, including relevant facilities for life support. Settlement: group of permanently inhabited habitats installed near each other...
The Straits Settlements were a group of British territories located in Southeast Asia. Originally established in 1826 as part of the territories controlled...
Life expectancy is used in describing the physical quality of life of an area. It is also used for an individual when the value of a lifesettlement is...
Their settlements existed for about half a millennium before they were abandoned for reasons still not entirely clear. The sources on the settlement of Greenland...
Special settlements in the Soviet Union were the result of population transfers and were performed in a series of operations organized according to social...
directed his children to sell their interests in the trusts to outside lifesettlement investors for $660,000, slightly over one per cent of the policies'...
Confidential Settlement Reached; 'Marc Woebegone' Back in Second Life | Benjamin Duranske". Virtuallyblind.com. Retrieved October 27, 2008. "Second Life, a world...
The Act of Settlement (12 & 13 Will. 3. c. 2) is an act of the Parliament of England that settled the succession to the English and Irish crowns to only...
The Kobe foreign settlement (神戸外国人居留地, Kōbe gaikokujin kyoryūchi), also known as the Kobe foreign concession, was a foreign settlement located about 3...
The phrase "life unworthy of life" (German: Lebensunwertes Leben) was a Nazi designation for the segments of the populace which, according to the Nazi...
English Settlement is the fifth studio album and first double album by the English rock band XTC, released 12 February 1982 on Virgin Records. It marked...
investigations in the Norse settlements has found that fishing played an increasing role towards the end of the settlement'slife. While the diet of the first...
The possibility of life on Mars is a subject of interest in astrobiology due to the planet's proximity and similarities to Earth. To date, no proof of...
A community settlement (Hebrew: יישוב קהילתי, Yishuv Kehilati) is a type of town or village in Israel and in the West Bank. In an ordinary town, anyone...
Global Information