What is a Life Settlement

Life settlements allow policy owners to get cash for unwanted, unaffordable or obsolete life insurance policies.

The sums received are usually considerably higher than you would get simply by surrendering or canceling your policy directly with the insurance company.

It used to be that if you had a life policy you no longer wanted, or couldn’t afford, your only option was to cash it in directly with the insurance company, at its surrender value. That figure is usually very low.

In recent years a number of intermediary, life settlement companies have been formed.

These companies generally offer you a much higher settlement price than you would receive by dealing directly with your insurance company.

However, the life settlement industry is young, and it is very hard for individuals to identify which settlement companies offers the best service.

That’s where SecureLifeSettlements.com comes in.

What is a Viatical Settlement?

Viatical settlements allow terminally ill policy owners to get cash for their life insurance policies.

Selling your life policy through a Viatical Settlement is available only to people with terminal illnesses, and usually only if their life expectancy is less that 2-4 years.

Until recently, when terminally ill people wanted to get cash from their life policies, their only option was to cash it in directly with the insurance company, at its surrender value. That figure is usually very low.

In recent years a number of intermediary, viatical and life settlement companies have been formed.

These companies generally offer a much higher settlement price than you would receive by dealing directly with your insurance company.

However, the viatical and life settlement industry is young, and it is very hard for individuals to identify which settlement companies offer the best service.

That’s where SecureLifeSettlements.com comes in.