Why get a life settlement?
Many policyholdeers know they can cash out of a term life insurance policy, but many aren't sure waht the benefits are. Policyholders who wish to sell their policy to a life settlement broker are liquefying an asset. Holders will make more from their policy than surrendering it over to their life insurance policy and obtaining a lump sum known as the cash surrender value of a life settlement.
Individuals can improve the quality of their lives surrendering life insurance policies for cash. They do not have to worry about paying monthly premiums or the possibility of lapsing on their insurance payments. Oftentimes, a lapse can lead to a loss of coverage in insurance, thereby rendering the policy null and void. Brokers, like Life Settlements Inc., liberate their clients from having to pay monthly premiums. In exchange, the brokers and policy buyers receive the face value of life insurance policies.