Top Ten Myths? - #3 “The client must be desperate for cash”

The typical life settlement client is a 76 year old high-net-worth individual who approaches these transactions for what they are… a business decision.

He owns an under performing or unnecessary life policy or is considering a 1035 exchange into a current generation policy.

He recognizes the value of being able to liquidate this asset for an amount greater than it’s cash surrender value. Hardly a desperate lot.