Life Settlements: Betting on Life Insurance During a Global Pandemic
June 15, 2020 by Chris Orestis
Life Settlements are a unique financial option that allows the owner of an unneeded or unwanted life insurance policy (typically someone over the age of 70) to sell it off to a third-party owner (typically a financial institution) for a percentage of the death benefit as a lump-sum while they are still alive.
It is the only financial option available that actually rewards the owner with higher re-sale value as they get older and sicker. During the coronavirus pandemic, seniors who own a life insurance policy are actually holding a very valuable asset that is increasing in value as the pandemic gets worse. Life insurance companies are reluctant to issue policies in today’s environment, but the life settlement market is booming.