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A life settlement is
the sale of a life insurance policy covering a person who has a limited life
expectancy -- normally 10 years or less. It presents a unique opportunity to
extract the maximum value of a Senior’s existing life insurance policy and
repurpose those funds for whatever financial needs they may have. When
properly utilized, a life settlement offers an opportunity for the Senior
client to benefit from no longer wanted or needed insurance coverage. The
money generated by the sale of the original policy might be used to create a
new and better performing insurance product proven more suitable for the
Senior client's current needs. Generally speaking, life settlements are an
option for high-net-worth policy owners age 65 or older.\
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