Life Settlements

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Life settlements represent one of the most important financial innovations of the past 30 years. By recognizing the fundamental right of policyowners to assign their policies by selling them for cash, life settlements have created a more competitive life insurance market where consumers enjoy new options and greater value every day.

 
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Ideal Candidates for a Life Settlement

Ideal candidates for life settlements clients age 65 or older with:

  • A life insurance policy with a face amount of at least $100,000.

  • A change in health since the policy was issued.

  • A life expectancy up to 10 years.


A life settlement can be a good option for a variety of reasons which include:

  • Policyowner may have outlived the risk insured against.

  • Spouse has passed away.

  • Business partnership has dissolved.

  • Key employee has retired.

  • Policyowner has an immediate need for cash


A life settlement enables policyowners to fund long term care, supplement retirement, pay down debt or retain a portion of their coverage while eliminating the burden of premiums. 

 
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Retained Death Benefit Option

A revolutionary transaction for the life settlement market, enables policyowners to keep a portion of their life insurance with no future premium obligations. 


As a result Retained Death Benefit redefines how you manage life insurance assets.


Life insurance has long been a valuable estate planning tool. However, the cost of maintaining insurance for older, affluent individuals presents significant challenges. 


Underperforming policies, due to low interest rates, combined with longer life expectancies, often put the annual premium outlay beyond what a policyowner chooses to maintain.

In each of the following transactions, Retained Death Benefit makes it possible to eliminate premium payments while retaining a portion of the death benefit with no future premiums. Here are some examples of how Retained Death Benefit can be tailored to the policyowner’s individual situation.

  • The policyowner may choose to retain a portion of death benefit in lieu of a cash payment.

  • The policyowner may receive a cash settlement in addition to retaining a portion of the death benefit.

  • If a policyowner’s need for insurance decreases over time, Retained Death Benefit can be designed to provide a decreasing death benefit.

The result is a revolutionary shift in how life insurance assets are managed. 

TRG can have a client’s policy valued. And the information provided by these policy valuations helps policyowners use their capital more efficiently.

 

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