Life Settlements Indiana
A life settlement is when a life policy holder sells their unneeded, unwanted or unaffordable life insurance policy to a licensed life settlement company or provider for more than the policy’s cash surrender value but less than the face amount. Prior to any type of life settlement offer, a life insurance policy holder must undergo a life expectancy evaluation as well as a detailed policy review. Policy holders over 65 years old with residency in the state of Indiana may meet the criteria for an Indiana life settlement after a simple application.
In these times of financial insecurity, the Indiana life settlement market remains consistently active. The Indiana life settlement market sometimes goes quietly unnoticed by its target demographic simply due to the lack of marketing and available information on how life settlements can really benefit life insurance policy holders.
Indiana life settlements are now being monitored by the Indiana department of insurance and their newly passed laws. These laws have been enacted by many states on an individual basis to help protect the consumer’s personal information in the ever-expanding life settlement market. An Indiana life settlement can only be performed and guided by a specifically licensed life settlement broker.