Cashing Out of Business

Although selling your obsolete business-life policies in the secondary life-insurance market can be profitable, navigating the labyrinthine life-settlement marketplace can be challenging. The industry, in general, lacks ample due diligence and transparency as well as services responsive to the unique needs of retiring entrepreneurs who are selling companies.

Safeguarding your privacy, securing the highest quality institutional offer and coordinating the sale of your unnecessary business life policies with the sale of your company demands specialized advisory skills in business life insurance, exit planning and life settlements. Working with an independent advisor who has expertise in these disciplines is the key to a successful, efficient transaction.

Every day, retiring business owners, frustrated by inadequate purchasing offers for their firms, unknowingly discard valuable capital assets by cash surrendering and lapsing their no longer needed business-life policies. Selling these hidden business assets can be the answer to easily getting your deal closed—successfully. 

Rhona Sacks, an attorney and business coach, is the founder and president of Legal Life Settlements, a mergers-and-acquisitions advisory company specializing in helping retiring business owners extract maximum value from their hidden business assets. For more information or to receive a copy of the article, “10 Tips for Optimizing Your Life,” call 650.581.1596; visit www.legallifesettlements.com.