twaddle
Thinks s/he gets paid by the post
- Joined
- Jun 16, 2006
- Messages
- 1,703
My dad recently sold his business and has a bunch of key man life insurance he no longer needs. He thinks he might be able to extract some value in the form of a life settlement.
He's 69 and in fairly good health, and my impressions wrt life settlements are:
1) You have to be knocking on death's door
2) The life settlement "industry" is full of sharks who will offer pennies on the dollar
Anybody have any experience with life settlements? Any recommendations for non-sharks who can offer him a fair deal or at least an appraisal of his policies?
He's 69 and in fairly good health, and my impressions wrt life settlements are:
1) You have to be knocking on death's door
2) The life settlement "industry" is full of sharks who will offer pennies on the dollar
Anybody have any experience with life settlements? Any recommendations for non-sharks who can offer him a fair deal or at least an appraisal of his policies?