Senior Life Settlements

Life Settlements are also known as Senior Life Settlements, Senior Settlements, Life Insurance Settlements, and Viatical Settlements.

Whether you call it a Senior Settlement, Lifetime Settlement, or High Net Worth Transaction - Life Settlements have become a very important factor in the estate and financial planning process for seniors. Before Life Settlements, if a senior owned a policy that was no longer wanted, needed or affordable, there was no option but to lapse, cancel, or surrender the policy back to the carrier for the cash surrender value. The cash surrender or lapse value is usually very minimal. Life settlements allow qualified policy owners to liquidate a policy for an amount much higher than the cash surrender value. Seniors can now take advantage of important financial opportunities using the proceeds of an unwanted, unaffordable or obsolete life insurance policy.

Currently, with the advance of Life Settlements as a mainstream financial product, Life Insurance Companies now face competition for the surrendered policies that they once capitalized on. Life Settlements have created a competitive secondary market for life insurance policies. Consumers are now in control of their policy, free to sell their policies in an open market for the highest available price, well above the cash surrender value offered by insurance companies.

Find out how Life Settlements can benefit you, call 1-888-973-8377.