Insurance Center

Nov 04,2008

When a life insurance policy is sold to a third party, it is called a Life Settlement. The life settlement industry is an industry that is rapidly growing, has grown over the last ten years and will continue to grow into the future. Before, when a life insurance policy owner wanted to get rid of their policy, all that they could do was to cancel the policy and receive a lump sum-the cash surrender value of the policy. Today you have other options when settling your policy.