Types of policies that can be potentially sold
Most types of policies qualify for a life settlement transaction, including Universal Life, Term and Convertible Term, and others. It is important to understand that the buying universe ebbs and flows. One buying group may have funds available one day and not the next day. Or, a particular group may decide to only purchase Convertible Term policies and nothing else. That is why it important to use a broker such as Boyd Settlements to avoid the limitations from “Direct Buyers” who have deployed their available capital or changed their purchase parameters. Please don’t be swayed by “direct buyers” or “Rapid quote” companies. They are trying to buy your policy for the least amount of money. Boyd Settlement’s goal is to get you as much money as possible for your policy.