Life Settlement Benefits
Life Settlements have quickly become the #1 financial tool used to reduce or eliminate expensive life insurance premiums for senior citizens. The most prevalent benefit of Life Settlements to senior policy owners is the new money created above cash surrender value. The additional funds can be used in numerous ways to improve a senior’s financial condition. The most common is to use the new lump sum of money created by the Life Insurance Settlement to fund a new more suitable policy with lower premiums and better coverage. This saves the policy owner money on an annual basis. While this method is the most common use, there are many possible benefits for a Life Settlement.
