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Monday, October 24, 2005

Options for Life Settlements

Life Settlements

There are two other options you have when dealing with a life insurance policy. One is that you could cash in your policy and get the cash surrender value (the amount of money you’ve paid in plus a modest amount of interest). The second is a life settlement, you can sell your policy to a bank or other financial institution. These buyers will provide you with a cash settlement that will exceed the cash surrender value of your policy. This cash payment is a life settlement. Life Settlements are the favorable option, you will receive a larger cash settlement than just letting your policy lapse.

So if you decide a Life Settlement is the right option for your particular policy, you can sell it for more than your insurance company will give you if you cash the policy in, even if you have a term policy that has no cash surrender value whatsoever.

Call 1-888-973-8377 to find out how large of cash life settlement you could receive for your life insurance policy.