Life settlement sales made by seniors have doubled over the past two years to $11.8 billion.
The financial crisis appears to have had an impact on sales as seniors are likely looking at all of their assets for sources of funds and liquidity.
Experts do caution, however, that there are other ways to realize the value of a life insurance policy that do not involve loss of life insurance coverage:
"If you're thinking about selling your life insurance mostly because you're strapped for cash, there may be other ways to tap the value of your policy without losing your coverage," said Houston lawyer and insurance expert David McDowell.
Source: The Dallas Morning News
Key Phrases:
- Log in to post comments
