Life Settlements – Is it for you?
Life settlements are a great alternative to lapsing or surrendering a policy. A number of factors have reignited the life settlement market with both consumers and investors showing rising interest.
The oldest baby boomers are reaching age 71, which is the age that these life settlements come into play.
Some Baby Boomers are needing the money and life insurance policies are getting increasingly expensive they might be needing money – money for long term care and health care. Life Settlements can be a source of unexpected income.
Life settlement is the sale of a life insurance policy that is no longer needed or wanted by the owner. For more than the current cash value.
The policy owner gets a lump sum more than the current cash value for any immediate need. If the insured person is over 70 and has experienced a decline in health since the policy was issued, a life settlement might be just what they need.
Please call Debbie Lewis 979-220-3018