Life Settlement Limits Insurance Coverage
What if you still need coverage, but are considering a Life Settlement?
You might consider converting an older, high premium or under performing UL policy into a newer possibly less expensive policy. People are living longer. This has caused a revision of the insurance company Commissioner’s Standard and Ordinary Mortality Table that is used to establish insurance premium rates. Therefore, if the insured’s health has remained relatively constant, it is sometimes possible to buy new insurance at less cost than just a few years ago.
