Understanding Life Insurance Settlements for Seniors

April 26th, 2025

Diving into Life Insurance Settlements

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Life insurance settlements allow seniors over 65 to sell their life insurance policies for a cash payout greater than the surrender value but less than the death benefit. Surprisingly, over 85% of life insurance policies either lapse or never pay a death benefit, primarily because policyholders can no longer afford premiums or no longer need the coverage.

According to a recent industry report, seniors can receive up to four times more through a life settlement compared to surrendering their policy to the insurance company. Leveraging an Agency like Kim & Co Agency ensures maximum returns, as we represent your interests to over 90 competitive investors actively bidding on your policy. Instead of settling through middlemen who limit your offers, using Kim & Co Agency can significantly increase the cash you receive. 

A conversation worth having, dont let your policy lapse and get nothing in return.