What is Life Settlement?

A Life Settlement is the sale of an unwanted or unaffordable Life Insurance policy in exchange for a cash lump sum.  A Life Settlement is the sale of a life insurance policy or certificate (“Policy”) issued on the life of a person, for an amount that is less than the Policy’s face value. The person covered under the Policy is the Insured. The Insured may or may not be the owner of the policy (the “Policy Owner”). Only the Policy Owner has the right to sell the Policy. If you are the Insured but not the Policy Owner, the Policy Owner cannot sell the Policy without your consent. The Policy is purchased from the Policy Owner by either a life settlement provider or an institutional buyer (collectively, “Provider”) when both parties have entered into a purchase agreement (the “Life Settlement Contract”). Additionally, there are persons called Life Settlement Brokers (Opulen Capital is a Life Settlement Broker) who may be involved with the sale of the Policy.