Retained Death Benefit Option

New! Retained Death Benefit Option

“You are to be thanked by all my family for making this time a little better for all of them and allowing me to see the results…It is a privilege having you on my side!”
– Veris Customer

A relatively new configuration of life settlement is the Retained Death Benefit Option – a sort of hybrid transaction. As the name says, although the life settlement provider takes over all the premium payments of the life insurance policy and makes an immediate cash payout to the policyholder, the policyholder retains a portion of the death benefit. With the Retained Death Benefit Option a senior can gain the liquidity he or she needs for things like a medical emergency or home repair, but still enjoy the peace of mind knowing that loved ones remain the beneficiaries of a life insurance policy.

CONTACT VERIS SETTLEMENT PARTNERS

Veris Settlement Partners, Inc. is a multi-state viatical and life settlement broker. Veris Settlement Partners, Inc., and/or its affiliate firms Chesapeake Financial Settlements, LLC and Select Life Settlements Corporation, and/or one of its two directors as individuals, may be licensed as a life settlement broker or viatical settlement broker, or may be able to broker a life insurance policy owned by a resident of most states. For a list of states and licensing call Veris. Some or all of the proceeds from a life settlement may be taxable under federal or state income tax laws. Advice from a professional tax advisor is recommended. Veris Settlement Partners, inc. is not a viatical or life settlement provider. This Compliance Notice is current as of August 15, 2008 and is subject to change.