Turn Life Insurance Into Cash For Seniors

Many seniors are unaware that their life insurance policy may hold significant financial value beyond its original purpose.

A life settlement gives policy holders the ability to sell an unwanted or unneeded life insurance policy to a third party for a cash payment.

Life settlements can provide critical financial flexibility.

Whether covering rising healthcare costs, supplementing retirement income, funding long-term care, or simply improving quality of life, the proceeds from a life settlement can be used however the policyholder chooses. This option can be particularly attractive if premiums have become unaffordable or the initial need for coverage no longer exists.

The ideal candidates for life settlements are typically seniors age 70 and older who own convertible term life or universal life policies that are no longer needed or have become too costly to maintain. These individuals can often realize substantial value from policies that might otherwise be lapsed or surrendered.

For many, a life settlement can provide cash at a time when it is needed most.  Call now if you have seniors with life insurance that need access to additional cash during retirement.