Life Insurance Settlement Question

Did you know that you can sell your life insurance policy to a third party? You can. This type of settlement is called a life insurance settlement. The owner of the policy sells the policy for a percentage of the death benefit (face value). The buyer now becomes the new owner and/or the beneficiary of the life insurance policy. This buyer is now responsible to pay all future premiums and collect the death benefit when the insured passes away. A few consumers who want to use a life insurance settlement have had life-threatening illness or disease and have sold their insurance policies for immediate cash. A healthy person can particpate in this same kind of settlement to get cash too.

Be sure to explore all your options before you choose to recieve a life insurance settlement. This type of settlement might not be the right one for you. Check with your state's department of insurance if you are concerned about someone approaching you for a life insurance settlement. There is a slim chance you could be a target of some kind of insurance fraud or scam. If you are being asked to purchase a life insurance settlement or invest in one learn all about the issues and risks and once again check with your state's department of insurance.

Call 1-888-973-8377 to speak with a Life Insurance Settlement Counselor.