Friday, June 15, 2007
Ending Your Life Insurance? Sell It.
If you're a senior citizen about to let your life-insurance policy lapse or turn it in for a low surrender value, you might want to shop it around.
A $10 billion marketplace has emerged over the past few years enabling seniors to sell their life-insurance policies for a lump sum. There's no cost to apply and no medical exam for these "life settlements."
Companies such as AIG, GE Capital, Bear Stearns and Morgan Stanley are buying policies by the boatload. These companies pay cash to the policy owner, continue paying the premiums on the policy, then become the beneficiary when the policy owner dies.
Ending Your Life Insurance? Sell It
Source: Star-Telegram
A $10 billion marketplace has emerged over the past few years enabling seniors to sell their life-insurance policies for a lump sum. There's no cost to apply and no medical exam for these "life settlements."
Companies such as AIG, GE Capital, Bear Stearns and Morgan Stanley are buying policies by the boatload. These companies pay cash to the policy owner, continue paying the premiums on the policy, then become the beneficiary when the policy owner dies.
Ending Your Life Insurance? Sell It
Source: Star-Telegram
Permalink posted by armandn @ 6:50 AM 
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