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    When you cash in your life insurance it is often called a Senior settlement, a Life Insurance Settlement or sometimes just an Insurance Settlement. The way it works is that you are trading the cash value (i.e. surrender value) of your policy to a third party for cash. This may happen even though the insurance policy does not have an actual surrender value. At times the cash you receive may be in excess of the cash surrender value of the life insurance policy.

    This is usually done at or near retirement age in order to obtain additional cash for living expenses. Not only is cash received but the pr

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    t an Insurance Settlement. The way it works is that you are trading the cash value (i.e. surrender value) of your policy to a third party for cash. This may happen even though the insurance policy does not have an actual surrender value. At times the cash you receive may be in excess of the cash surrender value of the life insurance policy.

    This is usually done at or near retirement age in order to obtain additional cash for living expenses. Not only is cash received but the p

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    o a third party for cash. This may happen even though the insurance policy does not have an actual surrender value. At times the cash you receive may be in excess of the cash surrender value of the life insurance policy.

    This is usually done at or near retirement age in order to obtain additional cash for living expenses. Not only is cash received but the p

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    es the cash you receive may be in excess of the cash surrender value of the life insurance policy.

    This is usually done at or near retirement age in order to obtain additional cash for living expenses. Not only is cash received but the p

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    one at or near retirement age in order to obtain additional cash for living expenses. Not only is cash received but the premiums you have been paying for the life insurance are no longer paid by you thus increasing your cash value.Basically this is a wealth and estate planning method.

    In prior years seniors who had life insurance policies and felt that the premiums were a burden or that they no longer needed a life insurance policy just dropped the policy or turned it back to the life insurance company itself.But now they have an alternative.They can sell their insurance policy to someone other t

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