In today’s economy more and more people will be looking to liquidate assets but will life insurance settlements be the kind of asset that should be sold for cash needed now. Before this question is considered it may be more appropriate to look at the kinds of people that own life insurance settlements and whether they are prone to needing cash for living expenses or just cannot afford ongoing premiums for a policy they own today. Keeping in mind the life settlement industry targets individuals who are 70 years and older with policies that were issued at standard or better but have since policy issue had a deterioration in health which is what helps to make the financial investment of purchasing a policy most attractive.
Most people 70 years and older have already retired and if they planned appropriately have set themselves up so that additional income is not needed to pay for daily living. If this is the case more than likely there is little need for selling an insurance policy in the life insurance settlements market. However, because our financial markets have taken a downturn it is highly likely that these same individuals have seen some deterioration in their investments and could have them considering the option of life insurance settlements to make up for some of their losses.
Whatever the reason, if the owner of an insurance policy as indicated above has need for immediate cash the life insurance settlements market represents an excellent means of acquiring cash today for an asset that may not be needed or able to be afforded today. Any quick search on the internet will lead an interested party to various entities that can assist in this process which will cost the owner of that policy nothing so what does a policy owner have to lose. For more information on life settlements please visit LIVEpdq.