In a recent article in the National Investment Banker (April, 2005) a Senior Life Settlement is depicted as an ingenious financial planning option available to consumers by providing access to secondary life insurance market through life insurance evaluation – a new trend, tool in the financial advisory services industry unlocking chance for many.

Sound investing patterns necessitate diligence and regular assessment and evaluation of assets. To day of the month insurance policies were excluded from said valuations, owed to the perceived absence of market for them. However, the landscape, chance and picks unfastened to seniors, people etc. faced with a life settlement issue have changed significantly and people are taking notice.

The premiss and rules look to be simple and back to basics. Simply put, it intends that life settlements offer qualifying life insurance policy proprietors the chance to sell policies that are no longer no longer adequately serving intent or unnecessary, receiving significantly more than than cash value for them in return. An interesting statistic from the linguistic context of senior life settlement (Conning & Company), states that as much as twenty percent of all insured over the age of 65 ain policies with a market value exceeding resignation value.

A Senior Life Settlement may do sense for a assortment of reasons:

• Premiums may be too expensive
• There been a sudden change in your wellness condition
• Your life insurance policy about to oversight shortly
• You have got significantly more than than life insurance coverage than you need
• You would wish to have substantially more than the policy resignation value

Qualifying Policies Often Include:

• Joint Survivorship
• Whole Life
• Universal Life
• Variable Life
• Group Life
• Term Life

A Senior Life Settlement offers consumers the authorization to do better financial planning decisions. A lawsuit illustration is quoted here to throw light on how senior life settlement could profit a life insurance policy holder: See the lawsuit of a seventy-four twelvemonth old female with a $10 million term policy. The annual insurance premiums in extra of $300,000 no longer suit her financial program so she planned to allow the policy lapse. A financial advisor suggested an appraisal, which yielded two options: a $660,000 life settlement of a $3.5 million Settlement With A Paid-Up Policy (SWAPP). Instead of surrendering the policy for no value, the client chose the paid-up policy, eliminating her insurance premium payments while addressing her estate planning needs.

In a recently published (March 4, 2005), Bernstein Research Call, an industry-accepted market prediction tool and index to people in the financial advisor sector, it is stated that the Senior Life Settlement business, an emerging secondary market for life insurance, will turn more than than ten-fold to $160 billion over the adjacent respective years.