Background of SLS Policies Market:

Critical to the structure is the acquisition and maintenance of a portfolio of Senior Life Settlement Policies (SLS Policies). In 1998, the concept of a Life Settlement was introduced. A Life Settlement involves the sale by a senior policy owner (age 65 or older) of an existing life insurance policy for a cash settlement.

Click here (opens in a new window) for more on the background of Senior Life Settlements. 

This Senior Settlement will be less than the death benefit, but more than the cash surrender value. A Life Settlement involves the sale or transference of an existing life insurance policy in exchange for compensation, monetary or otherwise. It is an invaluable service for those in need of financial assistance or a timely alternative for senior individuals re-assessing their estate planning situation. 

When should a Life Settlement be considered?

• When life insurance premiums become too expensive to continue
• When re-evaluating your estate planning
• When a key man of an organization retires
• When there is a change in your health condition
• When the policy may be approaching a lapse
• When considering purchasing new insurance coverage, such as Long Term Care coverage.