Did you know that 87% of life insurance policies never pay a death claim? Are you aware of the options available to you within the settlement space?
Life settlements are one of the lesser known planning tools available to those with life insurance policies that they wish to sell.
In this episode, John and Michael Parise speak with Aaron Giroux, co-founder and CEO of LifeRoc Capital, LLC about their role in the life settlement space. Aaron details how his company provides alternative planning options to those with life insurance policies in specific scenarios.
John, Michael and Aaron discuss:
- The difference between life insurance policies and a life settlement
- Why one might opt for a life settlement and who qualifies
- What the policy valuation process looks like
- The average payout on a life settlement
- And more
Related: 3 Things You Need To Know Before Buying Life Insurance