Senior Life Settlements- Providing Cash-Strapped Seniors With Retirement Dollars
Posted by The Policy Settlement Alliance on Thu, Jul 29, 2010 @ 06:53 PM
By Marlin E Leisher
Senior life settlements may provide the cash needed for retirees that are looking to supplement their retirement dollars. Many seniors have seen considerable decreases in their net worth due to economic downturn and are looking for ways to shore up their accounts.
Seniors faced with with the possibility of outliving their retirement dollars are looking for alternative sources of cash. Many will consider using the equity in their homes, however due to the decline in real estate values, many have considerably less equity than they had 5 years ago. Others may sell family assets just to make ends meet.
Senior life settlements can provide cash for a life insurance policy that is no longer wanted or affordable. The amount of money that is received from a settlement will depend largely on the type, cost and face amount of the policy to be sold and the life expectancy of the insured. Coupled with other financial products, the cash received from senior life settlements can create an income for retirees that cannot be outlived.
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