A life settlement is the sale of a life insurance policy for its market value. Most people simply lapse or surrender their policies and receive little or nothing in return. In a life settlement transaction, the policyholder sells the insurance to a third party and, in turn, receives a lump- sum cash payment that is typically four or more times greater than its cash surrender value, according to the National Association of Insurance Commissioners.
At Lighthouse Life, we advocate for seniors like you to realize the market value of their insurance policies that are no longer needed or no longer affordable so they can better meet retirement, healthcare, and long-term care needs.
Whether you are looking for more information about life settlements, or are ready to sell your life insurance policy, we have educational resources to help you.
Melissa was extremely professional and represents [Light]House well to the public.