In short, a life settlement is the sale of an existing life Insurance policy.
Why would I sell my life insurance policy?

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• The original purpose for the policy no longer exists
• Estate, Business or financial needs have changed
• Liquidity is needed
• Premium payments are no longer affordable

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Life Insurance is regarded as an asset and many seniors surrender or allow
their policies to lapse without knowing that a settlement opportunity exist. On
average, life settlements provide more than four times the policy cash surrender
value in addition to decreased monthly expenditures for policy premiums.