IndividualS
Life Settlements
Life insurance policyholders age 65 and older can get immediate cash in exchange for selling their policies to a third party. The transaction is called a life settlement, a one-time payment to the policy owner. The proceeds of a life settlement are tax-free up to the amount of the premiums paid (cost-basis). Anyone with coverage greater than $100,000 may qualify, regardless of health condition.
PROVIDERS AND PLANS
FEBCO
has partnered with Trinity Financial Services for life settlement services.