Life Settlements allow qualified Policy Owners to sell their life insurance policy in the secondary market, for far more than the policy’s existing cash value.
Senior Americans often find that their premiums increase exponentially as they age. Accustomed to the manageable premiums they paid when they were younger, many Senior’s find that the life insurance policy they’ve owned for years has suddenly become prohibitively expensive. Similarly, many Seniors find that they simply no longer need their life insurance policy because their children have grown, or their spouse or loved one is no longer with them, but they have limited options outside of canceling or surrendering. Luckily, Life Settlements may provide those options.
Instead of canceling or surrendering their life insurance policy, and losing out on all of those years of premium payments, qualified Seniors find that life settlements provide them with significantly more value than their policy’s cash surrender value.