A senior life settlement is when an owner of a life insurance policy, typically a senior age 65 or over sells a life policy to a third party investor. A large percentage of life insurance policies are never paid out because policy owners either surrender the life insurance policy to the insurance company for the present day value or allow the policy to lapse.
Under the right circumstances a senior life settlement will offer a policy owner a much greater cash settlement than the surrender value of the policy or allowing a large term policy to expire worthless. Many seniors have outlived the original beneficiary or can no longer continue to make premium payments due to changes in their financial situation.
If you are considering a senior life settlement it is very important to deal with a financial advisor with expertise in the life settlement market place. Most life insurance agents do not have the expertise to make sure you receive highest offer for your policy. Please click on the link LIVEpdq if you would like more detailed information regarding life settlement options.