A Delaware life settlement is where a policyholder in the state of Delaware sells their insurable interest for the living benefit of their insurance policy.
Life settlements are a viable option for policyholders that would other wise let their life insurance polices lapse. There are many policies that never ever pay out. Usually policyholders let their insurance policies lapse because they can’t afford the premiums.
Many people don’t understand that they have options instead of just letting their insurance policies lapse. There are two types of a Delaware life settlement, a viatical settlement or a senior settlement. A senior settlement is anyone over 75 years of age and up to 19 years to live. A viaitcal settlement is anyone with two years or less to live. The life expectancy of a policyholder is the single most important thing to be considered to do fund a Delaware life settlement. For more information please go to LIVEpdq.