If a life insurance policy hangs around long enough, sooner or later it becomes a candidate for a senior settlement. What is a senior settlement? It is nothing more than a policy that is sold on the life of someone above age eighty.
The older someone is the simpler it is to predict how many more years he has left to live. That makes it easier for a buyer to make an offer on a policy, which increases the amount of money the seller of that policy will receive.
The senior settlement was the next obvious market for the industry to persue after the collapse of the viatical market. Viatical sales all but dried up after people with AIDS began receiving drugs that prolonged their lives.
Senior settlements may or may not be something you should consider. Before selling your policy talk to your family and the beneficiaries to be sure it is the best possible solution. If you need help, please click our LIVEpdq.