Life Insurance Settlements-Capitalizing On Your Policies

Written by Jon Thomas

Unneeded or underperforming life insurance policy holdings? Ever thought or heard of a financial services valuation tool and strategy called life insurance settlements? Well, if not,repparttar capital markets certainly have heard and taken notice. Life Insurance Settlement companies purchase unwanted or un-needed life insurance policies from individuals and ultimately collectrepparttar 146518 death benefits. These payments are passed on to third-party institutional investors who are looking for returns that are not correlated with existing portfolios. A key component to this growth expectation is that business is conducted in a responsible manner. Poor sales practices by settlement firms could hamper growth and spark a new wave of litigation. At present, there is roughly $13 billion of total in force settlement business. While small compared torepparttar 146519 $9 trillion of individual life business onrepparttar 146520 industry’s books,repparttar 146521 settlement market has grown about eight times faster than non-traditional life insurance. This growth rate differential will continue and could expand overrepparttar 146522 next few decades, which will draw more attention torepparttar 146523 settlement business and senior life settlement in particular.

Here is a description ofrepparttar 146524 dynamics at work and a little background detail about process:

•A life insurance settlement is a transaction in which policyholders sellrepparttar 146525 rights torepparttar 146526 death benefits associated with their insurance policies to third party settlement companies. In other words, this process in effect creates a secondary market for life insurance products – like life insurance settlements. The typical market for these products includes individuals overrepparttar 146527 age of 65 with life expectancies of 4-10 years.

What is a Small Claims Court?

Written by John Mussi

A Small Claims Court is a court set up to deal quickly with claims for small amounts of money. If you are suing someone or they are suing you for a small amount of money this is where you may end up. The Small Claims Courts can be found in your local County Court.

If someone owes you money or you have bought faulty goods and you are unable to settlerepparttar matter in any other way, you may decide to issue a claim throughrepparttar 146517 courts.

The small claims court is less formal than other court procedures and you do not need a solicitor.

You can issue claims for a variety of reasons, including, bad workmanship, damage to property, road traffic accidents, goods ordered and paid for but not supplied and personal injury. The county court in England andrepparttar 146518 sheriff court in Scotland deals with these types of claims, referred to as "small claims" or "small claims court".

The system for handling small claims is designed to be quick, cheap and easy to use and you do not need to use a solicitor, although you can do so if you wish. It will usually only apply to claims for £5,000 or less (or £1,000 or less ifrepparttar 146519 claim is for personal injury or housing disrepair), against a person, firm or company in England and Wales , and claims for £750 or less against a person, firm or company in Scotland .

Ifrepparttar 146520 amount of money claimed is £5,000 or less then it is likely to be heard inrepparttar 146521 Small Claims Court.

However, if your claim is for personal injury it will only be heard inrepparttar 146522 Small Claims Court ifrepparttar 146523 claim forrepparttar 146524 injury itself is not more than £1,000.

For housing cases involving a landlord's failure to repairrepparttar 146525 propertyrepparttar 146526 claim will be heard inrepparttar 146527 small claims court ifrepparttar 146528 cost of repairs orrepparttar 146529 compensation claimed is not more than £1,000.

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