Life Settlements Answer The Call To Longevity For Seniors
What would happen if you lived eight12 years longer than you had planned when you retired 2030 years ago? Will your "nest egg" be enough to main your currently lifestyle.
With today's access to quality health care, healthy foods, exercise, and vibrant social programs, many seniors are beating these odds. Americans 85 and older are the fastest growing demographic group in our population (according to U.S. Department of Health Statistic), it underscores the needs for many seniors and families to consider how to personally manage a growing life expectancy.
Life Settlements answer the call for many individuals left scrambling to pay for long-term care costs, unexpected expenses, or short falls in planning. Relatively unfamiliar concept to most policy holders, life settlements became popular in the 1980s.
A life settlement is the sale of a life insurance policy to another person or company in return for a cash payment of less than the full amount of the death benefit but usually several times greater than the surrender value. Sadly, seniors are lapsing their life insurance at an alarming rate-approximately $112 billion annually.
Who buys life insurance? The life settlement process is a licensed and regulated transaction and a direct inverse of when you purchase a life insurance policy. The settlement process is a collaboration of insurance agents, life settlement brokers, and institutional buyers.
Each person a has a unique fiduciary duty to help guide the seller and buyer to achieve an appropriate evaluation of the policy and settlement options.
How do you determine if a Life Settlement is right for you? Many factors and individual decisions with your trusted advisor and broker determine if you're a candidate for a life settlement, who's the best life insurance settlement companies on the market, as well as analyzing if the settlement offer is appropriate.
Overall, Life Settlements are growing rapidly as a popular option rather than let the policy lapse and addressing the need for expenses with our increasing life spans.


‘First’: The principled, flinty, historic rise of Sandra Day O’Connor
Advisor News
- Global economic growth will moderate as the labor force shrinks
- Estate planning during the great wealth transfer
- Main Street families need trusted financial guidance to navigate the new Trump Accounts
- Are the holidays a good time to have a long-term care conversation?
- Gen X unsure whether they can catch up with retirement saving
More Advisor NewsAnnuity News
- Prudential launches FlexGuard 2.0 RILA
- Lincoln Financial Introduces First Capital Group ETF Strategy for Fixed Indexed Annuities
- Iowa defends Athene pension risk transfer deal in Lockheed Martin lawsuit
- Pension buy-in sales up, PRT sales down in mixed Q3, LIMRA reports
- Life insurance and annuities: Reassuring ‘tired’ clients in 2026
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- Best’s Market Segment Report: AM Best Maintains Stable Outlook on Malaysia’s Non-Life Insurance Segment
- Report Summarizes Kinase Inhibitors Study Findings from Saga University Hospital (Simulation of Perioperative Ibrutinib Withdrawal Using a Population Pharmacokinetic Model and Sparse Clinical Concentration Data): Drugs and Therapies – Kinase Inhibitors
- Flawed Social Security death data puts life insurance benefits at risk
- EIOPA FLAGS FINANCIAL STABILITY RISKS RELATED TO PRIVATE CREDIT, A WEAKENING DOLLAR AND GLOBAL INTERCONNECTEDNESS
- Envela partnership expands agent toolkit with health screenings
More Life Insurance News