A Life Settlement or Medicaid Life Settlement can help Seniors plan and budget for the ever-increasing costs of long term care – even Cruise Ship Care!
A life settlement allows you to sell your life insurance policy (both Permanent or Term-Life) for more than the policy’s cash value. Instead of just lapsing, canceling, or surrendering your policy due to expensive premiums, no longer needing life insurance, or needing cash to pay for medical treatments or the ever-increasing costs of long-term care, you can sell your life insurance policy directly to a licensed Life Settlement buyer.
When reaching the latter years of life, it is important to have certain things in place to maintain the standard of living you are used to, and to have the finances to support paying for home care or obtaining a paid caregiver. When faced with these decisions, there are a number of solutions that may work for you. One solution is selling a term life insurance policy through a reverse life insurance policy or a life settlement, which can give you a peace of mind, and the funds needed to do what you need while ensuring your care is in place.
What happens when life insurance premiums become too expensive, or when a person determines that life insurance is no longer necessary, and wishes to be free of the additional monthly expense? Too often, people let their insurance policies lapse, losing years of monthly premium payments that they have paid. But don’t worry, there are ways to get the most cash for your life insurance policy.