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Life Settlement Options For Seniors
When you enter into a life settlement agreement with a third party, the seller provides you with money that exceeds the value of cash surrender for your policy but is lower than its face value. Many seniors are finding this to be a viable option to help them finance medical expenses, cost of living expenses, or just…
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Five Life Settlement Myths You Should Know
Life settlements can be an excellent option for obtaining funding for retirement, medical expenses, or other cause. Unfortunately, some people shy away from the process due to the misinformation they have heard about life settlements that they assume is true. Although many such myths exist, we discuss five of the most common ones below. Myth #1: You…
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When Should I Sell My Life Insurance Policy?
Sell My Life Insurance Policy helps people interested in selling their life insurance policy to a third party find potential buyers. Below we outline a few situations in which you might consider selling your life insurance policy for cash. The Premium for Your Life Insurance Policy is No Longer Affordable It can be difficult to…
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The Pros & Cons of a Life Settlement
Sometimes, when you need extra cash, it can take a bit of creative thinking to determine how to come up with it. This may be especially true if you are past retirement age and do not have the desire or the ability to work again. If you are 75 or older and have a life…
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Building a Retirement Fund From Your Life Insurance Policy
Now that you have officially retired, you may find managing your finances more challenging than you expected. You may have even considered taking on a part-time job to ensure that you can meet all financial obligations. While that is certainly one possibility, another that you might not have considered is to cash out your life…
