January 10, 2020

Advising the Adult Children of a Senior Client About Life Settlements

One consideration: Adult children who care more about the death benefit than the needs of the parent.

Life settlements — the sale of a life insurance policy for significantly more than if the policy is simply lapsed or surrendered – may not be widely known, but they are an important tool for financial advisors when helping senior clients and are becoming more well-known and recommended by financial professionals.