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Settlement SYNC, a New York Life Settlement Broker, Launches A New Product Focusing On The Policy Conversion Into Cash For TERM LIFE Policies. The Insured Must Be 65 or Older and the Face Value Must Be $500,000.00.
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Today, Settlement SYNC, has launched a brand new Express product that can close for most clients in as little as 21 days. The minimum requirements for the client are 65 years of age or older and a minimum face value of $500,000.00. The process encompasses that of a traditional tlement, but grants the Term Policy a cash value that never before existed. For example, Universal Life and Whole Life policies have something called a cash surrender value (CSV), whereas the Term Policy does not.
