Life Settlements: Sell Unwanted Life Insurance

Schechter Wealth | December 10, 2019

A life settlement is the sale of a life insurance policy to a third party for an amount greater than the cash surrender value. The sale involves an insured individual with a policy that is no longer needed, wanted or affordable.

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Schechter is a boutique, third-generation wealth advisory and financial services firm. For 80 years, our multi-disciplined team consisting of JDs, CPAs, LLMs, CLUs, PFSs, CAPs, MBAs, CFA® charterholders, CFP® practitioners and CIMA® consultants have been quietly advising wealthy families on financial matters including: Institutional quality investment advisory services, private capital and alternative investments, advanced life insurance planning, income and estate taxes, business succession and charitable planning.