Opulen Capital Life Settlement: What to do with Key-Man Life Insurance Policies

What happens when the boss, the CEO, or the owner of the company retires? While there may be a plan for business perpetuation in place, what happens to that life insurance policy? Many companies have what’s known as “key man” coverage, a life insurance policy covering the life of the company’s VIP.

In many cases where a CEO or company head retires, the key man policy goes with him. Owners, CEOs and the like are typically too embroiled in changes to pay attention to what is most likely a very valuable life insurance policy, one that could bring a hefty cash payout. In the case of a business owner looking to increase capital at a time of change in his or her personal situation, selling that key man life insurance policy in the life settlements market could bring some much-needed liquidity.

In a market that has seen more bad news than good of late, investors and life insurance policy holders can find much-needed solace in the life settlements market. Life settlements agreements are bringing in a steady average of 15 to 18 percent payouts, an impressive return on investment. What’s more, a policy that was about to become obsolete is now breathed new life. The policy holder gets the cash payout. The investors continue to pay the premiums, and upon the death of the policy insured, receive the death benefit.

Obviously life settlement arrangements are not for every policy holder, nor are all key man life insurance policies able to be sold in the life settlements market. In most cases, however, a policy with a value of $500,000 or more is a sought-after commodity – one that may behoove you to sell.

Before you consider the benefits of the life settlements market, talk with a life settlements broker to determine if your policy language is such that the life insurance policy continues upon your retirement. If so, you could be receiving a lump sum payment that could help fund your retirement and add value in a time of market upheaval and uncertainty.

Opulen Capital’s mission is to continue to provide the best solutions for our clients through the highest level of integrity and service. The strength of our business is our commitment to improve our client’s financial net worth. For more information on whether your policy qualifies for a life settlement arrangement, contact us at 877-678-5361 or visithttp://www.OpulenCapital.com.