Selling Policies May Make Sense For Some High-Net-Worth Clients

The Financial Accounting Standards Board Web site already offers a detailed discussion about how to account for life settlements.

That means that life settlements must be here for the long haul and that we must determine how we can best use life settlements in the comprehensive financial plans we create and maintain for our most affluent clients.

For moderately affluent clients, life settlements can provide monies for liquidity and cash flow needs, but few high-net-worth individuals who employ wealth transfer strategies that include life insurance have cash flow issues. So, why would the potential liquidity event of a life settlement become a viable part of an advanced wealth transfer strategy?

Selling Policies May Make Sense For Some High-Net-Worth Clients
Source: Insurance News Net