A second industry has grown out of the Viatical Settlement industry. It is what is commonly referred to as the Life Settlement industry. If you are a senior citizen aged 65 or older, it may be possible for you to sell your unwanted life insurance policy for an amount far greater than the cash value.
Many people purchased life insurance at a time when they needed it for raising a family or some other financial obligation they would want to be met in the event of their demise. Many people, after carrying the life insurance for these purposes, would simply let the policy lapse by not paying the premiums and/or taking the cash value built up in the policy. Many senior citizens are now realizing that their policy has a hidden value they can access by selling the rights of their policy instead of letting it lapse. In most instances, these Senior Settlements generate much more cash to the seller than just simply taking the cash value and letting the policy lapse.
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Call 800-542-9513 or email us today for more information on how to turn your life insurance policy into cash!