An RDB offer is a life settlement option that allows a policy owner (seller) to retain a portion of their life insurance policy’s death benefit, for the beneficiary of their choice, in place of receiving a cash-only lump sum settlement (a typical life settlement offer).
Hybrid offers can also be negotiated that includes a cash payment to the seller in addition to the retained death benefit. The life settlement fund that purchases the policy becomes the policy owner and takes over 100% of the premium costs. When the death claim is made, the seller’s beneficiary is paid directly by the life insurance carrier, and the fund receives their contracted portion of the policy’s death benefit.
Copyright 2020. Sequoia Life Settlements. All rights reserved. Sequoia Life Settlements is a marketing company that provides educational and other information about life insurance settlements. Sequoia Life Settlements may refer qualified policy holders to licensed life settlement entities and may be compensated for transactions originated on this website. The information on this website is not directed to individuals or entities outside the United States or elsewhere, where prohibited by law.