Imagine a solution for the impending retirement challenge as the Baby Boomer generation reaches 65? In 2013, a massive $639-billion worth of life insurance benefits were abandoned or given up, and an incredible 88% of Universal Life policies were likewise relinquished before being claimed. As quoted by The Wall Street Journal, one could “…Sell the policy in the life-insurance secondary market… a professional investor will compensate upfront for the rights to the future death benefit.”
By preventing losses related to life insurance, seniors stand to gain at least eight times more than what insurance companies offer as surrender value. This could provide them with financial stability and additional income for maintaining their lifestyle, affording medical care, and even enjoying holidays.
The U.S. Supreme Court decreed that life insurance is an asset which can be transacted like any commodity. With approximately 92 million people predicted to cross the age of 65 by 2060, a fresh and more promising retirement scenario is emerging. Selling their life insurance could be a route for many seniors to gain the financial independence they need for a secure, satisfying life.
