By Kimberly Lankford
Provided by Kiplinger
Kenneth Sahs, 71, faced a once-in-a-lifetime decision last year. His $500,000 convertible term life insurance policy would soon expire. Sahs could drop it and get nothing or convert it to universal life, a form of cash-value insurance, and take on $12,000 a year in premiums.
Then Sahs and his wife, Marie, read in Kiplinger’s that they had a third choice: to sell the Continue reading
Tags: life settlements
The life settlements market has grown from a tiny speck only five years ago to a multi billion dollar industry today. Did you know that institutional buyers are willing to pay you for your life insurance policy?
These buyers range from US and Foreign banks, Hedge Funds, Pension Funds, College Endowments, and even the Insurance companies themselves, like Warren Buffet’s Gen Re (reinsurance) that has purchased over $500,000,000 of these policies.
Almost Continue reading
Tags: life settlements