Senior settlements are they good, bad or ugly? Yes, sometimes or maybe. Yes, a senior settlement can be good, if you have cash needs and no longer need or want your life insurance. A qualified advisor will make it as pleasant an experience as they can. Bad, sometimes senior settlements can be bad, often times in these cases, an unqualified or unethical advisor is at the root of the situation. Ugly, well, things don’t always go as planned, a qualified advisor can be a great help and a savior when senior settlements get ugly. As an advisor, I try to keep the ugly part in prospective for the client. In a senior settlement, it is important to manage expectations and defuse situations before they become an issue. Settlements aren’t always easy and, with the current financial situation the settlement market is somewhat fluid and murky. By managing your expectations and serving as a filter for information and correspondence, I hope to keep the bad and the ugly to a minimum for you. I will keep you advised of the current disposition of your senior settlement but, at the same time try to minimize the day to day flow of minutia.
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