Senior Settlement Growth

The insurance industry has always been an excellent provider of protection products, serving our population well and flourishing as a result. Now, the good news is we are living longer, sometimes outliving our need for our death protection products. For many, the option of having cash to maintain a quality of life is preferred. Senior Settlements are providing an exit strategy for unwanted or unneeded life insurance policies that can be turned into cash in hand.

With that said, the senior settlements arena or secondary market has become a very viable way for those clients who no longer have a need or beneficiary for their life insurance to convert their death benefits into a living benefit, one that they can enjoy, or more importantly, use to provide life’s necessities. Seniors settlements can usually provide a higher payout versus a cash surrender of the policy.

While senior settlements are not for everyone, they do promote the process of receiving fair market value for a life insurance policy that the policyholder wishes to sell. However, the insurance industry has been resistant to this concept.

Call 1-888-973-8377 for an evaluation or your life insurance policy and to determine if a senior settlement will benefit your financial goals.