Life Insurance Settlement
for Term Insurance
By Jim Wolf
11/10/08
Term life insurance and Senior Life Insurance Settlements are a
perfect match. Of course, when we are talking about a senior life insurance
settlement we are referring to seniors over the age of 65, preferably senior
males over 70 and females over 75 with some health impairment.
Most senior that hold term insurance are on the final years of their fixed term
premiums. Over the next few years the policy will have minimal value to them
because after the fixed term period expires, the policy will move to renewal
rates which are significantly higher. Provided the policy has a term conversion
rider, which allows the policy to convert to permanent insurance (i.e. universal
life or whole life) with no evidence of insurability. This type of policy is of
great value to a life settlement funder. So a policy that may be worthless to a
senior can have a significant value to a life insurance settlement funder. A
life settlement could be the perfect answer
life settlement - insurance settlements - senior life settlement - viatical life settlements