Life Insurance Settlements
Do you have an unwanted, unneeded, or unaffordable life insurance policy? You may be able to sell your life insurance policy for cash and receive much more than the cash surrender value. A life settlement, sometimes also called a senior settlement, involves selling an existing life insurance policy to a third party—a person or an entity other than the company that issued the policy. The policy holder (seller) receives an immediate payment from the third-party offering the settlement.