Does Your Business Have Unneeded Life Insurance? A Viable Option

Whether your business owns term, universal, or whole life insurance

, you may feel that the policy is no longer needed, and a life settlement can be a very attractive alternative. Before entering into a life settlement, however, you should consult your attorney and/or your CPA. Make sure that you shop your policy to several potential buyers and always show the offer they received in writing. Also, make sure that the broker handling the transaction has your best interests at heart, not just theirs.

Does Your Business Have Unneeded Life Insurance? A Viable Option

By: Irving Katz

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