Rather than having an expensive insurance policy that is draining your cash flow, did you know you can sell your life insurance policy for a lump sum of cash? This process is known as a senior life settlement and allows the policy owner to sell their policy to a third party. After selling to a third party, the policy owner will no longer be responsible for the payments that come with the insurance policy. The new purchaser will now pay the premiums associated with the policy, after giving you a lump sum of cash for the policy.
The lump sum [...] Continue Reading…
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