

ARTICLES
 FINANCE
  Wealth - Building
Your Life Insurance May Be Worth More Than You
Think
By Matthew Tuttle | On
September 29, 2006
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In Wealth-Building
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Many seniors own life insurance policies that they
no longer need or want, or that they can no longer
afford. Often, they allow their policies to lapse or
cash them into the insurance company for the
surrender value. What many seniors don’t realize is
that their unwanted life insurance may be worth much
more if sold to an investor in a life settlement. A
Life Settlement is the sale of a life insurance
policy by the policy owner, before the policy
matures. Such a sale, at a price discounted from the
face amount of the policy, but in excess of the cash
surrender value, provides the seller an immediate
cash settlement.
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