Just as people choose a life settlement for many different reasons, there are a wide variety of benefits to selecting a life settlement. Some benefits include:
- Provide significant cash value above stated policy cash surrender value.
- Allow for the purpose of a less expensive single life, survivorship, annuity, or long-term care policy.
- Generate cash for an emergency or other imperative reason.
- Make available funds for the potential enrichment of one’s financial portfolio and well-being to capitalize on new investment opportunities.
- Gain greater peace of mind knowing that further premiums need not be paid by the policy owner of an insurance policy that no longer serves one’s needs.