Settlement of an existing life insurance policy is a common practice. The reasons that motivated you to acquire the policy, years ago, may no longer apply. In fact, the policy may now be a burden to your financial position.
This issue has been addressed by many individuals encountering the same dilemma. "Do I continue to pay the premiums, let the policy lapse, take the cash value of the policy, or, do I sell the policy on the open market?"
Letting the policy lapse is absolutely the last resort!
If the premiums are cumbersome today, chances are, they will be more of a burden tomorrow. Yes, the policy does have accumulated cash value and there is a benefit available; but offering the policy to the settlement market is much more lucrative than any of the previous considerations. We must state: It is fiscally responsible that you investigate this avenue. You are at a point where it is important to determine, in the planning of your estate ... "What is the best and most valuable resolution?
You are holding a commodity that is quite attractive to large hedge funds, banks, insurance carriers and large financial institutions. They look for a hedge against their institution's investments that may have a higher risk. Offering your policy to this secondary market is an excellent option.
