Life insurance as an asset class helps power 1,000s of estate plans as a funding mechanism for estate taxes and estate equalization.  With increased estate tax exemptions, increased longevity and rising health and coordinated care costs, life settlements – the sale of individually owned policies to third party investors – are becoming more and more common.  Attorneys involved in drafting trusts or advising trustees, grantors and beneficiaries should become familiar with its application. 

As life settlements remove the life insurance benefit from the original estate plan, attorneys should evaluate the liquidity, tax, estate and probate considerations resulting from the transaction.

Coventry will cover:

• The current state of the life settlement industry,
• Catalysts for its growth,
• Fiduciary responsibility,
• Life insurance policy valuations,
• Ideal candidates for life settlements, and
• Several case studies that will assist in illuminating the market and transaction.