Recently an article was published in the Investment Advisor telling us how the industry of life settlements continues to grow as consumers continue to learn of the other purpose of a life insurance policy, not just as financial gain for those left behind. Life settlements is a throw off of the viatical settlement industry, which became popular during the AIDS epidemic. As they have said and a we all know the life settlement is taking off at a fast pace.

Until recently life insurance was known as death insurance, however, today policy owners can collect in life, until recently this was unheard of. This concept is changing quickly. Estimates are showing us in the last year more and more policy holders are selling their life insurance for a number of reasons., from having more cash for retirement to better health care due to a terminal illness or an expected disability. A life settlement is usually just a part of financial planning for a retiree, a viatical settlement is for a person terminally ill and age does not play a part of that settlement, and a structural settlement is for a person who becomes disabled or in a wrongful death suit. Consumers are also learning that a policy that is ready to lapse or has become difficult to pay and is ready for surrender can be turned into ready cash.

So what about you? You can help yourself if you are terminally ill, disabled, or just want to enjoy a better lifestyle by selling your life insurance policy, whether it is one more than you need, getting ready to lapse or ready to be surrendered. Call a professional, at Cambridge Settlements, a leader in our industry, and let us show you what can be done for you.