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Life Settlement Articles and Research
In September 2004, the Wall Street Journal wrote... THE WALL STREET JOURNAL Life Insurance For Sale—In a Secondary Market "...Life Settlements can make sense for sellers who no longer need coverage and no longer want to pay premiums. Selling an unwanted policy increasingly is becoming a financial management tool for older people who face a cash crunch, who don't want to rely on children for financial support or who are trying to find money for costly long-term care insurance. Some holders of term policies sell them because they've found equal or better insurance coverage at a lower rate." "...For people with universal-life coverage, which combines a death benefit with a savings component, the value of a policy in a life-settlement transaction is generally at least three times the underlying cash value of the policy...Even term policies, which have no underlying cash value and typically disappear at the end of a set amount of time, are worth something—often between 10% and 30% of the policy's face value." The article references three examples where policies were sold in life settlement transactions:
One of the most respected publications in America wrote this... THE ECONOMIST May 15, 2003, New York New lease on life: The secondary market in life insurance policies is good for consumers. Hitherto, elderly Americans with policies they do not need or cannot afford to keep have had little option but to let the policies lapse or sell them back to their insurers. Plenty seem glad to have an alternative buyer. No wonder, when on average they can get three times as much from life settlement as they can from their original insurers. One of the premier journals for anyone over 60, the Senior Journal, writes... THE SENIOR JOURNAL Life insurance is finding new value in a new marketplace—life settlement. Life insurance polices may have more value to a senior today than just the cash surrender value, especially when it is no longer fulfilling a need. An industry that has grown over the last decade is creating options for seniors who own life insurance policies. Institutionally funded companies are now purchasing existing life insurance policies of seniors. In some cases, it can be substantially more than the cash surrender value. Your policy most likely qualifies—most policies do. 
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Your policy most likely qualifies—most policies do.
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