A Senior Life Settlement involves the sale of an existing life insurance policy to a funding organization wherein the budget generated is extra than the coverage’s cash give up price.
In 1911 A.D., the United States Supreme Court in court case Grigsby v. Russsell declared that your life
insurance is your personal property,
establishing that it was a policy
owner’s right to transfer an insurance
policy and that you can assign
ownership at your discretion.
When qualifying for a Viatical
Settlement, the insured on the policy
must be terminally ill usually with a life
expectancy of under two years.
A Senior Life Settlements Cash Out is the sale of an existing life insurance policy to a funding agency.
In case you are the owner of a large coverage policy and as opposed to a loss of life gain, you might decide on a lump sum of cash to be used nowadays, rather than latter by your estate or heirs. Many seniors now realize that a Senior Life Settlement can be the solution they need and want.
