The insured may have outlived the beneficiaries the policy was originally intended to protect.
Premiums may have become unaffordable and unless sold as a life settlement, the insured may have to let the policy lapse.
The insured may be financially secure and have no further need for the policy.
The insured may wish to make a gift of the monetary value of the policy while they are still alive.
The insured may sell the policy for estate planning purposes.
The insured is considering whether or not to lapse or surrender the policy, for its cash surrender value.
In circumstances where the alternative for the insured is to let the policy lapse and lose a potentially large portion of the premiums which have been paid on the policy, a life settlement is an attractive option.
Upon a purchase, the client then receives Exemplify’s welcoming documents, including the confirmation of purchase and specific documentation, and a complete closing package of the details of one or more policy interests purchased and the certificate of purchase issued by the escrow/trustee bank.