Life settlements have changed the way we think about life insurance. For consumers, life settlements have unlocked the market value of life insurance, transforming unneeded policies into cash.
There are a variety of reasons which may lead someone to reevaluate their life insurance policy, including:
- Receiving fair market value for the policy.
- A need to eliminate premiums OR retain a portion of coverage.
- Recouping premiums.
- Restructuring cash flow.
- Long-Term care needs.
- Cover medical costs.