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Life settlement payouts in the secondary market make a life insurance policy a valuable asset. Though there will be taxation on the capital gain, a good institutional investor who has his eye on life insurance of all types (including universal and whole life insurance) can make a policy sale well worth your while. Issues such as life expectancy and the minimum premium require on a policy will all be things the buyer considers before paying out.
Whole life, universal life and term insurance are of value to the potential buyer in the secondary market. As such, they may offer a lucrative life settlement on your life insurance policy. There are many reasons to sell, unaffordable premium, change in estate taxes, need change, lower estate taxes, key man insurance no longer needed, charitable trust wants use of the cash now and many other reasons to sell.
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