Vermont Life Settlements
Vermont Life Settlements
With a Vermont Life Settlement sale, seniors are realizing a whole new set of options for their life insurance policy. A settlement can provide far more than the relatively small surrender value of the policy. This can also benefit seniors by freeing them from the high monthly premium payments of their life insurance.
Vermont, like other states, has its own regulations regarding the practice of life settlements. Settlements are currently unregulated in the state, the only requirements being that of viatical settlement broker licenses in order to help a policyholder transact the sale of a life insurance policy when the insured has a terminal illness or their life expectancy is less than 36 months. Restrictions do not prevent life insurance agents and financial professionals from selling a client’s life insurance policy on the secondary market. Other regulations regarding a Vermont Life Settlement are designed to protect the interests of the owner of the life insurance policy when they sell their policy to a financial institution that invests in such life insurance policies.
Meeting the financial requirements of funding retirement today is not as easy as it use to be. Qualification for Medicaid is forcing many to think that surrendering an insurance policy is the only answer. Before you discard your life insurance policy because you think you can no longer afford it, explore the option found in a Vermont life settlement.