Business Beat
(The Times of Northport, April 19, 2007)
Select Life Settlement Corporation, located in Northport, helps seniors to receive full value for unwanted or unneeded life insurance policies. In this transaction known as a life settlement, a policyholder receives a sum which is often significantly higher than the cash surrender value. A secondary market of banks, insurance companies and hedge funds are willing to pay for policies that qualify. The mere presence of the life settlement market allows agents and clients to gauge a policy's worth in market terms.

Reasons for pursuing a life settlement include change in life circumstances, such as death of beneficiary or divorce, change in finances or estate planning needs, business arrangement changes such as the key person is no longer with the company or beneficiaries no longer need the policy. For more information, please call 631-239-6656.