Life insurance is one of the most widely held investments in this country. But sometimes, the reasons for keeping a policy change - the death of a beneficiary, retirement of a key employee, divorce, changing financial circumstances, or simply a desire to travel or enjoy life more fully.

A life settlement is the sale of a life insurance policy that results in a cash payment to the policyholder larger than the cash-surrender value of the policy.

In other words, a life insurance policy that has outlived its reason for being is turned into a financial windfall for your clients.