Senior Life Settlement

A Senior Life Settlement is a transaction where a Senior citizen sells their unwanted or unneeded life insurance policy and recieves a cash sum (a Senior Settlement). That senior citizen may use that cash settlement to use however they need. Life Settlement Pro specializes in helping seniors sell their life insurance policy.

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A senior life settlement is the transfer of a life insurance policy from the policyholder to a licensed Life or Senior Settlement funder. By definition, the market value is greater than the life insurance cash value but less than the net death benefit.

The senior citizen can sell their life insurance policy (just like any other property) a get the benefit of immediate cash that he can use however he wants...to pay off a mortgage, spend on a vacation, buy a car, etc. With a Senior Life Settlement the seller of the life insurance policy receives a cash amount which is greater than would be received by surrendering his life insurance policy to the insurance provider.