#4 - Senior Life Settlement Anatomy 101
Some simple truths about the human condition:
The reasons why someone buys life insurance falls under one or both of the primary motivations. The reasons why someone would want to sell their coverage are the same.
In the beginning, life insurance plays an important role in financial planning. The motivation to buy coverage is to transfer the risk of a financial hardship due to the loss of life to an insurance company. The life insurance industry has flawlessly upheld their promise to pay since its inception.
But life is a dynamic, fluid experience. Circumstances and motivations change over time. Because change is a constant, the life settlement industry was born to create another better choice for some insureds whose circumstances and motivations have shifted.
Since the life insurance industry's inception, an insured who no longer wanted, needed or was able to afford coverage only had two choices:
To be more specific, some of the reasons a policy owner might want to sell their contract are:
As Americans, we enjoy the benefits of freedom and choice. Innovations like the life settlement industry have created a new option for insureds to maximize the benefit of an asset that often disguises itself as a liability.
One of Capstone Alternative Strategies' core missions is to provide information and education to insureds and the financial advisory community. The life settlement option is a socially responsible and beneficial business sector to senior policy owners that want more choice and responsibility over their own financial freedom.
The Life Insurance Settlement Association (LISA) is an outstanding resource to policy owners that are considering a life insurance settlement option.
For more information, please visit www.capaltstrategies.com, call us at (404) 504-7006 or email us at contact@capaltstrategies.com.