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Life Settlements | The Settlement Process | > Life Settlements vs. CSV
Life Settlements vs Cash Surrender Value Comparison. 
Many people hear about life settlements and still may not understand why they would choose to do one over just taking their cash surrender value. Below we have setup a chart that explains some of the benefits of life settlements over taking the cash value of your policy.
LS = Life Settlement (Real Cash Value)
CSV = Cash Surrender Value (Insurance Carrier)
Facts
|
LS
|
CSV |
| Policyholder required to pay premiums after transaction |
No |
No |
| Takes your age into consideration when determining cash value |
Yes
|
No |
| Takes your health into consideration when determining cash settlement value |
Yes |
No |
| Requires a medical exam |
No |
No |
Competition used to determine offers
|
Yes |
No |
| Takes cost of premiums into consideration when determining cash value |
Yes |
No |
| Charges a surrender fee when completing transaction |
No |
Yes |
| May result in receiving back more money than premiums paid into policy |
Yes |
No |
| Buys your life insurance policy in exchange for cash |
Yes |
Yes |
| Provides Market Value for your Policy |
Yes |
No |
| Percentage of face amount received in average transaction |
10-30% |
3-6% |
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