Life Insurance Settlements for Seniors… What is the best age?

Clients, prospects and advisors call me often asking when is the best age to sell your life insurance policy?  My answer is, it depends.  What is your present health situation.  Lately, the best offers are for men ages 73+ and for females age 75+.  The worse your health situation, the better the offer will be.  Offers lately have been very low due to the economy and banks, hedge funds, institutions being short on putting money out to investments.  Also, since the offers are lower, the institutions know that people will be willing to accept lower amounts do the lack of money available and people have lost so much in the market and their home values that they seem to be more desperate for money and will take less.

If you have any questions:  Please contact Scott Zimmerman at scott@americanInsurance.com

Scott Zimmerman

American Insurance Network, Inc.

Scott@AmericanInsurance.com

WWW. AmericanInsurance.com

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