Thursday, July 13, 2006

Life Insurance Settlement Policies

Life Insurance Settlements can be an immmediate remedy for life insurance policy.

Do not discontinue old insurance policies without checking to see if a settlement is available. Those who did purchase cash value policies decades ago and are thinking about dropping them because they can no longer afford the premiums or have borrowed nearly the entire cash value, may be in for a pleasant surprise. "Life Settlement" also known as a "Life Insurance Settlement" or "Senior Settlement" companies now exist to purchase those policies for up to a third or half of the death benefit while the settlement company continues paying premiums. This can be a solution for elderly individuals who want to cover the cost of remaining in their home for a few years. Don’t let the policy lapse or terminate before talking with a qualified financial advisor or life settlement broker. There is never a fee or cost to determine if your policy qualifys for a life settlement. What can you lose? Give it a try!