Life Settlements - Settlements for your Life Insurnace

Life Settlements are a type of life insurance settlement. All life settlements allow policies to be liquidated for a higher than the cash value. The difference between life settlements and viatical settlements, which is another type of life insurance settlement, is relatively narrow. Life settlements allow seniors over the age of 65 to cash in on their life insurance policy if they want to avoid high premiums, no longer need the coverage, would like a new issue, or want to lapse the policy. A viatical settlement differs in that it is only offered to terminally ill patients to reduce some of the financial problems that come with having a terminal illness, such as high medical costs, lack of income, and living expenses. Life Settlements give a larger majority of seniors the opportunity to find out the true value of their life insurance.

Life Settlements are not for every policy
Not every life insurance policy of a senior over the age of 65 will qualify for a Life Settlement. Some policies are less desirable than others. This has to do with the face amount of the policy, the premium amount, the insurance company, the general health condition of the senior insured, and the type of policy that is trying to be sold.

To find out if your policy qualifies and to find out the amount you could receive for your policy, please call 1-888-973-8377.

Provided by Life Settlements.