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Life settlements aresomething that isn't often covered in discussion with your life insuranceagent. But there are many times when a life settlement solution is a financialbenefit at an occasion when it is really needed. The most common type of lifeinsurance settlement is called a senior life settlement.
Essentially what happenswith a life settlement is that the policyholder sells their life insurance policyfor a lump sum of money. The life insurance settlement broker then becomes thebeneficiary on the policy and takes over the premium payments. While this mayseem like a quick way to raise money when it's needed there is a great deal ofloss with this sort of transaction as well. Consider the ramifications of sellingyour life insurance policy for a life settlement. In the event of your deathbefore you are able to secure another life insurance policy your family willnot have any life insurance payment to count on.
If you are interestedin finding out more about life settlements and the settlement brokers who offerthis service click one or two of the handy links on the left side of this pageprovided by Business.com for your convenience. You'll find a knowledgeableinsurance agent or settlement broker to assist you with making the bestdecision.