Life Insurance Settlement

A Life Insurance Settlement is a way for consumers, who are beyond the age of 65, to sell their life insurance policy for more than it's current cash surrender or lapse value. Life Insurance Settlements are often referred to as Life Settlements, Senior Life Settlements, or Viaticals (However, Life Insurance Settlements and Viaticals differ).

Universal Life, Whole Life, Joint/Survivor, Group, and even Term Life Insurance policies can qualify for a Life Insurance Settlement. The secondary market for Life Insurance was established for owners of Life policies that are no longer needed, no longer affordable, or no longer serve their original purpose. In 2002 1.3 Trillion of Life Insurance was lapsed or surrendered. The Wharton School did a study in that in the year of 2002 Life Settlement providers and companies paid 340 million to acquire policies with cash surrender values of 94 million. A 262% increase!! A Life Insurance Settlement has huge benefits over lapsing your policy.

Whether you are the client, policy owner, attorney, accountant, banker, or financial planner, working on behalf of a client our goal is to get multiple offers. Life Settlement Pro works with numerous institutional and private funders to get the highest Life Insurance Settlement for your policy.