WITNESS EXPERTISE FOR LIFE SETTLEMENT INSURANCE LIFE SETTLEMENT EXPERT WITNESS 2022 2023 SERVICES
A life settlement expert witness service in 2022 2023 is by definition a legal expertise provided to a life insurance policy holder who is selling his insurance to a third-party buyer and broker against cash when facing urgent financial obligations.
The life settlement expert witness follows the objective for an insured person to defend his or her rights after having sold a life insurance policy against cash that has as value which is less than the death benefit.
Witness expertise for a life settlement is critical for insured people who sold their insurance to brokers to obtain cash, a new policy with no future premiums, or both combined options to avoid a lapse or surrender.
The life settlement expert witness in 2022 and 2023 will help any life insured person who entered into a financial transaction where an investor buys the rights to a life insurance policy maintaining the policy active until the insured’s death, and after collects the death cash.
In the context of life settlement, an expert witness is useful given that sometimes under financial pressure, an insured person looks at the cash only without considering the negative ramifications linked to a life settlement that can be more than the discount obtained by the policy buyer who exploits the precarity of the insured persons in many cases.
It important to mention that an expert witness in the context of life settlement can be also mandated by other parties than the insured including insurance companies and life settlement brokers and solving their issues within this type of litigation.
Witness expertise for life settlement is worth use in cases as it provides with an objective evaluation of calculation of damages generated through such a transaction but also the understanding of life insurance contracts covering the issues raised with the transaction including the timing for the sale of the policy and finally the compliance with the policy provisions.