Sell Life Insurance As A Settlement
Posted by The Policy Settlement Alliance on Thu, Jul 29, 2010 @ 09:21 AM
By David M Epstein
Did you know you now have the option to sell life insurance as a settlement? For many years seniors who no longer needed or wanted a particular life insurance policy were forced to take the cash surrender value at a loss, or let the policy lapse with no return at all. However, there is an option called a life settlement that is growing in popularity. When you sell life insurance as a settlement you are using an unwanted or unneeded life insurance policy as a financial asset. The policy can be sold for less than the death benefit, but more than the cash surrender value. This ensures a greater return on your financial investment, a life insurance policy.
The option to sell life insurance as a settlement is not a new concept. However, because seniors are changing the face of the industry, legislators have been forced to address the growing trend. One piece of legislation currently being discussed among various states is obligating financial advisors and insurance agents to advise seniors of the settlement option. This and other regulatory legislation is confirming the legitimacy and necessity of life settlements.
Click the LIVEpdq link today for a free life settlement evaluation!
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.