Death Benefits Are Not Just For The Deceased

Individuals generally buy life insurance in order to provide their family members a sum of money after they die. That money can help cover funeral costs, be used towards outstanding debt, or simply give financial relief to the recipients. With life settlements; however, the policyholder does not have to die in order to collect that money. He can actually sell the policy in exchange for an immediate cash payout.

When and if a person should sell is based on individual need, but life settlements give the option to receive cash now. Especially in cases where an individual has accumulated massive amounts of medical bills, it may be vital that he sell his life insurance to cover those bills. The policy is sold for less than the face value, but more than the cash value. It’s also possible to sell a portion of the policy, which could help pay for medical bills while still allowing the policyholder to retain some of the value.

For many policyowners, education is the key to making decisions that will maximize their assets and provide for their financial goals. To learn more about life settlements and how to offer this valuable option to your clients, visit or email us directly to talk one-on-one with a Genesis advisor.