Life Settlement Insurance

CBC Capital provides the Senior Market with a free appraisal of life insurance policies. Company representatives provide information on the true value of universal life, whole life, variable life,term life, survivorship, key-man, and buy-sell policies. Once the evaluation is complete, CBC Capital typically sells policies in the secondary market in a transaction known as a life settlement.

A life settlement is a financial transaction in which the owner of a life insurance policy sells an unneeded policy to a third party for more than its cash surrender value and less than its net death benefit. Until recently, if a policy owner opted out of a policy by surrendering the policy or allowing it to lapse, the additional value was relinquished back to the issuing life insurance company. In some cases, an insured’s health may have declined since the policy was issued and the policy may be worth considerably more than the cash surrender value. The owner of a life insurance policy may also no longer need or want the policy; the policy is underperforming, or they can no longer afford to pay the premiums. A life settlement is an alternative to this surrender or lapse of a policy.

For a confidential, no-obligation policy evaluation, contact CBC Capital today.