You have a life insurance policy that no longer meets your needs – or perhaps the premiums have become too costly. No matter the reason for wanting to get rid of your life insurance policy, a life settlement could be a viable exit strategy, and could prove to be more lucrative than surrendering the policy or simply allowing it to lapse. If your financial planner suggested that you consider a Life Settlement then you should contact one of the most experienced companies in the field, Advanced Settlements in Orlando, FL. Advanced Settlements has settled over $8 billion dollars in life insurance policy face value for individuals like you since 2000.

Simply put, a Life Settlement is the sale of a life insurance policy to a third party. The owner of a life insurance policy sells the policy for a cash payment that is less than the full amount of the death benefit – but for an amount that is higher than the cash surrender value. The buyer becomes the new owner and/or beneficiary of the life insurance policy, pays all future premiums and collects the full amount of the death benefit when the insured dies. The great part is that you get to put the cash settlement money to good use while you still can enjoy it. Working with an experienced company like Advanced Settlements, which has many contacts in the Life Settlement investor community, could help you generate multiple offers for your policy.

Like any financial transaction there are rules and regulations to abide by. Learn more by calling Advanced Settlements at(800) 561-4148 or visiting the company’s website at www.advancedsettlements.com, and make sure to have a thorough discussion with your financial planner. Get the answers you need to make an informed decision. Good luck!

Author's Bio: 

Michael Taylor is an entrepreneur who writes articles on personal finance issues, small business marketing and technology issues, with an emphasis on finding ways that older Americans can find the funding to start businesses or enjoy retirement