Stop Letting Your Life Insurance Policy Expire for Pennies

Most seniors don't realize they're sitting on a potential goldmine. Every year, millions of life insurance policies are surrendered or simply left to lapse, meaning billions of dollars in potential payouts are lost. Why? Because most people don't know about life settlements, a way to sell your policy for significantly more than its cash surrender value.

The Shocking Numbers

In a single year, a staggering $624.2 billion in life insurance face value was lost due to lapses alone. This doesn't even include policies that were surrendered for a pittance. Seniors over 65 let policies with over $100 billion in face value lapse yearly. This is money that could be used for retirement, medical expenses, or anything else.

Why Is This Happening?

The truth is, many people find their policies unwanted, unneeded, or unaffordable as they age. They see lapsing or surrendering as their only options because they're unaware of life settlements. Some may not even consult their advisors, or their advisors may lack a complete understanding of life settlements.

It's Not Always a Fit, But...

Of course, not every policy is a candidate for a life settlement. Smaller "final expense" policies, policies held by younger individuals, or those with high cash values relative to the face amount may not be suitable. However, countless policies are needlessly lapsed or surrendered when they could have been sold for a substantial payout. If the reason for purchasing a policy 10, 20, or 30 years ago is no longer relevant, a life settlement could be the perfect solution.

Real Money, Real Difference

Consider a 72-year-old doctor with a $1 million universal life policy with a mere $6,000 in cash value. The monthly premium was a hefty $2,500. Surrendering the policy would only net him $6,000. Instead, his advisor suggested a life settlement, resulting in a payout of $150,000!

Exploring All Your Options

Nobody is suggesting you should give up a life insurance policy you want or need. Restructuring the policy, having beneficiaries pay premiums, or reducing the death benefit are all viable alternatives if you wish to maintain coverage. However, if you're leaning towards lapsing or surrendering, you owe it to yourself to explore a life settlement.

The Bottom Line: Knowledge is Power

Approximately 90% of seniors surveyed expressed that they would have considered a life settlement had they known about it. It's about being informed and making the best decision for yourself and your family.

If you're considering letting your life insurance policy lapse or surrendering it, contact a qualified and TRUSTED life settlement broker. Don't leave money on the table!