Male   Female
  • Why life insurance sales and settlements increased
  • May 13, 2010
  • life insurance sales and settlementsBy Life Quotes, Inc.

    A growing number of Americans are purchasing life insurance, but many others are selling their coverage through life settlements, according to the Amrita Life Settlement Index.

    A life settlement is often a more profitable approach to cashing out your policy than selling it back to your original lender. Many investors who buy these policies are actually insurance agents. They receive substantial financial benefits when the policyholder dies.

    Amrita’s monthly index showed a 92.8-point climb in April 2010, bringing its levels from 324.6 to 417.4. This 28.6 percent increase reversed the losses reported during the previous two months. Life settlement companies point to market activity for this change.

    “Provider surveys pointed to increased competition among buyers for life insurance policies,” the report says. “Furthermore, respondents showed a bullish outlook for the life settlement market going forward.”

    In addition to seeking a life settlement, consumers who are no longer able to keep current on life insurance premiums may allow their coverage to lapse, cash out with their insurance provider or turn to a non-forfeiture option, according to the Insurance Information Institute. The last option allows policyholders to keep coverage in exchange for certain benefits.

  • Category: Industry News, Life Insurance, More news

Leave a Reply

Archives

About

Consumer Insurance Guide SM provides a wide selection of originally-authored articles and expert advice targeted to the self-directed insurance shopper. Our mission is to provide consumers with useful, money-saving information on all things having to do with making sound insurance purchase decisions.

Consumer Insurance Guide SM is owned by Life Quotes, Inc. 8205 South Cass Avenue, Darien, IL. For editorial, content feeds, advertising and lead purchase opportunities, contact Robert Bland at bob@lifequotes.com.

Originally founded in 1984 as Quotesmith Corporation, Life Quotes, Inc. owns and operates www.consumerinsuranceguide.com and www.lifequotes.com, two online consumer insurance information services that cater to the needs of self-directed personal and corporate insurance shoppers.

About Us  |   Contact Us  |   Press Releases  |   The Best Privacy Policy  |   Life Insurance  |   Careers
For Agents & Brokers  |   Site Map  |  


Copyright ©1984-2015 Life Quotes, Inc., 8205 South Cass Avenue, Suite 102, Darien, Illinois. Life Quotes, Inc. and certain of its personnel are licensed as insurance agents, brokers or producers in all states. CA agent #0A13858, LA agent #200696, MA agent #333509159. dba Life Quotes Insurance Services in CA under agent #0827712, in LA under agent #205078. dba Life Quotes Insurance Services, Inc. in UT under agent #90093. All rights reserved. Telephone (630) 515-0170. Founded 1984.
10.1.1.86