Life Settlement Mistakes - Page 2
Failure to disclose relevant information is also a potential stumbling block for policy sellers. Bankruptcies, collateral assignments, beneficial interests, divorces, policy financing arrangements and other things materially impact a policy's value on the secondary market. Those issues usually come to light sooner or later and it is always better to address them preemptively.
When entering into a life settlement, it is imperative to be honest and forthright with your life settlement broker. Managing potential issues and setting realistic expectations on the front end of a deal makes the rest of the process much smoother for everyone involved. In the end, everyone shares the same goal of selling a policy.