The Mysterious World of Senior Settlements
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Ever wonder why your life insurance company doesn’t advertise life or senior settlements? It is actually in their best interest not to say a word because they make less money as a result of people that decide to go with the senior settlement route. But, still, just what is a senior settlement and how can it possibly be of any benefit to you?
Also known as a life settlement, a senior settlement is what happens when you sell your life insurance policy to a third party, such as a bank or similar financial institution. Basically, these life settlements are little more than lump sum insurance settlements that someone pays you for the death benefits your beneficiaries would receive upon your death from the life insurance company
