Life Insurance Settlements – A Potentially Powerful Cash Generation Tool

NABTalk Magazine. Today’s turbulent economic climate requires that bankruptcy trustees proactively manage the assets in the estates they are administering in order to maximize their value.

Corporate owned life insurance policies, also known as “key person” policies, have traditionally been viewed as a “contingent asset,” meaning the policy has no value until the key person dies. Typically, the business (as owner of the policy) pays the insurance premiums…