Seniors May Be Able to Sell Life Insurance Policies for Cash
In the past, the only way to get rid of a life insurance policy was to let it lapse or to surrender it back to
the insurer for a small cash value. But now older people have another option, and it should be considered before
deciding what to do with any unwanted policies.
In many cases, these unwanted policies can be sold for cash through a life settlement broker, someimes for a large
percentage of the death benefit.
Some Benefits of Life Settlements
- Get paid cash for a policy that can be used now, rather than waiting for the insured person to pass away so
heirs can inherit. Many older people and grown children are grateful for this opportunity to allow
the insured person to maintain their independant lifestyle.
- Handle a change in business ownership through the sale of business owners or key man life insurance. If
an owner leaves the company, his or her policy can be sold for cash.
- Take advantage of investment opportunities, funding a charity, or other occasions.
|
|
Can you Take Advantage of Life Settlements?
Life settlements are regulated at the state level. Your age, and the size and type of policy will determine
your qualification for this program. Start with your state and age, so we can redirect you to the right
information.
All information is provided for free, without obligation, and with regard for your privacy.
|
