Life Settlement helps relieve financial burden

July 15, 2008 | By WebFX

Recently, a 74 year old male in good health approached his financial planner with a problem.  One of his children was in need of some financial assistance to cover some extraordinary medical costs.  Since the planner had previously completed some Life Settlement cases with Settlement Benefits Association, he presented the idea of selling the client’s $600,000 policy.  He explained how the cash generated from the sale could be used in any manner.

After underwriting the case, we were able to secure 6 offers from licensed providers.  The highest offer, $192,000 would be enough cash to accomplish the client’s goal, so we completed the transaction.

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