- The insured executive has exited the business. Their death is no longer a risk to the firm.
- The policy is owned by a partnership that is dissolving. Often, a partnership will insure an executive so that in the event of their death, the remaining partners use the proceeds to buy out their family’s stake in the partnership.
- A decrease in value of the firm led to an executive being over insured — meaning the company is paying too much for too much insurance relative to the value of that executive.
Once a need has been established, find a life settlement company to work with that understands how to guide you and your client through the transaction process.
Peter Colis
CEO
Colis is the CEO of Ovid Corp., an online life insurance exchange based in San Francisco. Colis co-founded Ovid while pursuing his MBA at Stanford and previously held various positions at FCB Global. … Read full bio
