ATLANTA, March 20, 2017 (GLOBE NEWSWIRE) -- Berkshire Settlements, Inc., 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 Ohio Department of Insurance, 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 www.berkshiresettlements.com.
About Berkshire Settlements, Inc.
Berkshire Settlements, Inc. is an Atlanta-based company that is one of the leading life settlement providers in the U.S. The company is a direct buyer of life insurance policies from policy sellers, helping them to maximize the value of policies they no longer need or can afford, and is highly regarded for its integrity, ability to execute and transparency in the transaction. Berkshire is a member of the Life Insurance Settlement Association (LISA), the nation’s oldest and largest organization representing participants in the life settlement industry. For more information, please click here or call (800) 233-1745.