Homeschool Zoo Annex

Life Settlement Services

You may know or even be related to a person who is over 65 and still holding a life insurance policy. Or perhaps the person is younger but has serious health problems. It could even be that you yourself fall into these categories. In either case, if the life insurance policy is $250,000 or over and at least two years old, they may be eligible for Life/Viatical Settlements.

What is that? It is the sale of a life insurance policy for cash. This settlement may be much larger than simply the cash surrender value of the policy itself.

The primary reason this could be appealing to the elderly is to help offset other expenses such as assisted living costs or high health care costs. The person could receive up to five times more than what the insurance company would pay them at surrender. This money can be put to use as the individual sees fit including relieving the pinch they are in and being able to choose better or alternate health care.

A life settlement will net the over 65 policy holder with cash enough to tide them over nicely. A viatical settlement applies to those who have a terminal illness and whose life expectancy is less than 2 years.

It's a shame Danny didn't have life insurance. We might have been able to take advantage of an offer like this. Perhaps, you have a life insurance policy and you qualify for this program. You can get a free estimation of the cash value of the policy and use the settlement calculator at SecureLifeSettlements.com for free as well.

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posted by Ann crum @ 4:38 AM