A known settlement is a where a person has his or her life insurance selling before the maturation. These preventive sale results in a lump sum payment received after the insurer costs deducted and processing fees. This type of sales is beneficial for the seller if he or she is able to receive money quickly instead of waiting for the annuity to mature. A buyer also implies the certainty of a set of payment received once the annuity is matured. However, there are certain factors that should be taken care of while the treatment in this trade.
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