Life insurance may now be viewed as a traditional asset that can be purchased or sold. Sale of Life insurance policy is called as Life insurance settlement, Life settlement or Senior settlement.
Bankruptcy of business has caused liquidation of assets.Deferred compensation programs in business have changed or not required. If you are a corporation, selling corporate owned life insurance lets you regain back premiums paid on no longer needed policies.
Structured settlements are structured cash payments through an annuity system that is established to compensate injury victims for their losses. Structured settlements are the other..
Moreover, if pressuring tactics from your creditor has taken a toll on your well being, then negotiations may be better off in the hands of someone else other than that of yours.If this is the first time that you have entertained the thought of allowing a third party to settle your debt...
In all probability, the purchasing company with whom you have been discussing might be willing to purchase your structured settlement payments. They take the responsibility of doing the necessary legal work to ensure that the sale finalized. They will not charge you for this extra effort they have taken..
