Author: Scott Willkomm

A “life settlement” is the sale of an in-force life insurance policy to an unrelated party, typically for investment. That party continues to pay the premiums and collects the death benefit when the insured passes away. Over the past 30 years, a niche industry has emerged around this practice in the United States. In the industry’s early days, one might have heard, on occasion, the seller of life insurance ask, “Is my policy being sold to The Sopranos?” While this question was asked tongue in cheek, it was a reflection on the market during its infancy. In those early days,…