A Life Settlement is a financial tool that converts an existing life insurance policy into cash. Retirees are often unaware of the significant cash value their life insurance policies can provide.

Due to changes in circumstance life insurance policyholders frequently find that by the time they reach a certain age, the initial purpose of their policy has been served and it may be an unnecessary expense or no longer useful to them.

When this circumstance arises, instead of continuing to pay expensive premiums for an unneeded or unwanted policy, or allowing the policy to lapse thereby forfeiting its value altogether, a Life Settlement affords policyholders the option to sell their life insurance. As a result, retirees obtain previously unavailable cash to meet their immediate needs.