Life Settlement Growth
According to A.M. Best Data, some analysts are projecting that the potential life settlement market could exceed $100 billion and the value of life insurance covering seniors is expected to reach $492 billion as the population ages. Not always an option exclusively for retirees, the life settlement industry started in the wake of the HIV/AIDS crisis during the 1980s. Those suffering with the disease were selling their life insurance policies to pay for medical expenses. Today, the industry is two-fold: a life settlement is typically used by seniors over the age of 70 and a viatical settlement, the sale of a life insurance policy of an individual suffering from a terminal illness, is used by an AIDS patient or terminally-ill person with a life expectancy of two years or less.
A Life Insurance Settlement would be an ideal option for individuals who:
– Do not intend to leave an inheritance to beneficiaries or have heirs who have no need for money from a life insurance policy
– Have no need to allocate funds to pay for post-death expenses such as estate taxes
– Have no need to protect a business
– Are over the age of 70 with a life insurance policy of at least $500,000
– Are considering letting their life insurance policy lapse
– No longer have beneficiaries
– Are paying high insurance premiums that no longer justify the value of the policy
Get a FREE Life Settlement Quote and Evaluation or call 1-888-973-8377 to speak with a Life Settlement Professional.
