Creating a Life Insurance Company or Buying a LifeInsurance Company?
Creating a Life Insurance Company or Buying a LifeInsurance Company?
Does anyone here know about how to form a life insurance company? What does the process consist of? Is it easier and cheaper to buy an existing company that has been poorly managed?
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2 Responses
1.31.2010
Best Answer – Chosen by Voters As to the formation, I do not know. However, the amount of capital needed to form a legal reserve company is quite large.Also need to determine if you will be selling cash value or just term policies. You require much less money for cash value policies (upon claim, the cash value gets handed back to the insurance company).It would be cheaper to get a partner and purchase an existing company that was poorly managed, however, you would still need a large set of cash.
1.31.2010
Hope you've got some deep pockets….