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Unlocking Hidden Value: Understanding Life Settlements
On this episode of The Broker Link Podcast, Cristal Bustillos and Chris Newberry from the life department break down the growing opportunity around life settlements and how agents can use them to better serve clients.
The discussion explains that a life settlement allows a client to sell an unwanted or unaffordable life insurance policy on the secondary market. In return, the client receives compensation and no longer has to pay ongoing premiums. However, ownership of the policy and the death benefit transfer to the buyer.
Cristal and Chris highlight situations where life settlements can be…
The skinny
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