View Full Article
Another option for seniors is life settlements.  Seniors who have life insurance policies may not realize that they can sell them for cash at a fair market value.  There are financial institutions and investors that will actually purchase life insurance policies for more than their cash surrender value.  These purchasers become the new beneficiaries of the policies when they mature and are responsible for all remaining premiums, if any.  A senior interested in conducting a life settlement should first consult with an advisor in order to come to a decision as to whether to sell his or her policy.  Second, the Senior and advisor decide whether to work with a broker or to go directly to providers.

This entry was posted on Tuesday, January 20th, 2009 at 6:32 pm and is filed under life settlement. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.