Life Insurance Triage in the Age of Coronavirus
BY JON B. MENDELSOHN, CEO
Life Insurance Triage in the Age of Coronavirus
BY JON B. MENDELSOHN
As term policies mature and as the covid pandemic gives reason to cash out of other types of insurance, there are opportunities out there to maximize value. It’s called Life Settlement.
Ideally your situation fits these criteria:
Face amounts $250K+
Policy Types – all UL and Convert Term products
Individual or Survivorship with any type of ownership (Indiv. Trust, Corp, Charity,etc.)
Insureds – age 72+ (younger insureds would need significant impairments/Life expectancy under 15 years)
A rated carriers
Clients who no longer need or want their insurance (or are looking for liquidity vehicle)