Candidates for life settlement include anyone either over the age of sixty-five (65) with adverse medical conditions or is terminally ill, who has an in-force insurance policy with a minimum face amount of one hundred thousand dollars, ($100,000.00) and needs immediate cash from the sale of his/her insurance policy which he/she has owned for at least two (2) consecutive years. Further, the life insurance policy must be issued from a carrier rated A or better by AM Best.

Owners of almost every type of insurance policy are eligible to have their insurance policy settled.

Also, rather than just selling unwanted, obsolete, or unneeded life insurance policies, an insured may elect to use the sale proceeds to purchase coverage with lower premiums or no premiums at all.

Scenarios Where a Life Settlement May Fit

• An executive has done some estate/tax planning and their estate has been reduced or tax burden has been lessoned
  
  
• An existing key man/buy sell policy on a departing executive in a reorganization/turnaround, sale of business or retirement scenario
  
  
• An existing policy has not met the original goals, such as those that rely on specific interest rate or stock market performance
  
  
• The yearly premium payment on the policy has become too expensive to manage
  
  
• The beneficiary has predeceased or divorced the policy owner or doesn’t need the money
  
  
• A term policy is about to lapse or the conversion period is going to expire

Frequently Asked Questions What is a Life Settlement The Life Settlement Process Why use Melville Capital Ideal Candidates

Corporate Advisors


Management Consultants


Attorneys


Asset Based Lenders


Accountants


Agents/Brokers


Financial Advisors


Elder Law


Estate Planning


Insurance Agent


CFP’s