Life Settlements Are Not All Or Nothing


Thousands of baby boomers are retiring by the second, but how many of them saved accordingly for the high cost of retirement? Even with careful planning, unfortunately; many retired seniors wind up unable to afford their bills and life insurance premiums. Regardless of not having the ability to pay the premiums, clients are reluctant to surrender their policies. They spent years investing in their life insurance with the hope to use the death benefits as their children’s inheritance and they do not want to forfeit those benefits. Life settlements; however, do not have to be all or nothing.

The policyholder has the option to sell a portion of the policy and retain some of the death benefits. Understanding the possibility to earn cash without forfeiting all benefits makes the deal much more attractive to baby boomers who would otherwise lapse their policies and lose out on benefits completely. In many cases, seniors actually end up selling the entire policy after realizing the large cash settlement they could receive from a life settlement.

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.