Life Settlements

Life Settlements

by Richard C. Wilson & Family Offices Group Association Team

Family Office Definition: Life Settlements

Life Settlements definition:  Life settlements are a method to remove a life insurance policy from the taxable estate. The policy is sold to a third party for an immediate cash payout. The buyer takes over the premium payments and receives the death benefit when the insured dies.  Life settlements may preserve more value than the insurance company’s cash surrender value.

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