World News: 13:35 GMT Monday 20th March 2017. [Berkshire Settlements via Globe Newswire via SPi World News]
ATLANTA, March 20, 2017 (GLOBE NEWSWIRE) -- , a family-owned and operated life insurance settlement provider dedicated to maximizing the value of consumers’ life insurance policies, today announced that it has obtained a license to purchase life insurance policies in the state of Ohio.
As an official “Licensed Life & Viatical Settlement Provider” recognized by the , Berkshire is able to transact business anywhere in the state. With this licensing, Berkshire is now able to operate in 37 states nationwide.
“Ohio has one of the more rigorous licensing processes in the nation, so we are delighted to have met the business requirements to obtain this certification,” said John Dallas, chief executive officer of Berkshire Settlements. “For more than a decade, we have been working directly with consumers or their trusted advisors to help them maximize the value of a life insurance policy they no longer want or can afford. We look forward to delivering this service to Ohio residents seeking to unlock value from a policy, rather than just allowing it to lapse or surrendering it back to the insurance company.”
A life settlement is the sale of a life insurance policy by the owner to a third party. The seller of the policy receives a cash payment that is greater than the policy’s cash surrender value and less than its death benefit. The buyer of the policy assumes all future premium payments and receives the death benefit when the insured person passes away.
For more information, please visit .
Globe Newswire: 13:35 GMT Monday 20th March 2017
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2017. [Admin Only]
Sector Publishing Intelligence Ltd.
Ground Floor Offices, Little Keep Gate, Barrack Road, Dorchester, Dorset DT1 1AH
Registered in England and Wales number 0751938.