A Life Insurance Settlement is a great alternative. It involves the owner of a policy selling their life insurance contract to a third party for a profit greater than the cash value but less than the death benefit amount. This alternative is better than surrendering your policy because surrendering your policy only allows you to collect on the cash value amount. It’s also better than letting your policy lapse and then relinquishing the value back to the life insurance carrier. Basically, a Life Insurance Settlement allows the owner of the life insurance contract to “cash in” their policy when it is no longer needed or affordable or the policy isn’t performing as originally projected. It works for those insureds usually over age 70 because a good amount of policies insuring this age group have a market value that is greater than the cash value that would be paid by the life insurance carrier. To learn more about a Life Insurance Settlement, please click on the LIVEpdq.