2 Comments so far (Add 1 more)

1. A life settlement can be beneficial for many seniors, and it very well may be a great opportunity for your father. However, every situation is unique and a life settlement should be carefully considered relative to your father’s and family’s situation. In general, the ideal candidate for a senior life settlement is someone who is 70 years or older, is the owner of the policy, and has had the policy for a minimum of two years, so its very likely your father will be able to sell his policy. I strongly recommend you discuss the available options with a life settlement broker who can further evaluate if a life settlement is a good option for your father based on his own financial situation.

   1. David on March 11th, 2010 at 1:21 pm

2. Well, first of all they have to be willing to NOT leave anything to their beneficiary.

   Most of the time, life settlements are a bad deal – the ONLY time it should seriously be considered, is if dad is starving and doesn’t have money to eat. Financial hardship, on his part.

   2. mbrcatz on March 11th, 2010 at 1:03 pm