Unwanted life insurance can be a valuable asset for seniors鈥� retirement
Seniors looking for an additional source of income should think twice about letting unwanted life insurance lapse, because these policies may be sold for substantial value to help fund a better quality of life in their retirement.
...听Ken Lester, a professor at 捆绑SM社区鈥檚 Desautels Faculty of Management and CEO of Lester Asset Management Inc. in Montreal, says life settlements are a bit like reverse mortgages, which allow homeowners to take out a loan against the equity in their home to receive cash payments.聽
鈥淔or certain people it can be a very win-win kind of situation, where they don鈥檛 need the money on death, they need it very badly while they鈥檙e alive,鈥� Lester says.
鈥淧hilosophically, I鈥檓 all for it. We only have one life to live and we should live it as comfortably as we possibly can.鈥�
Read full article: , November 24, 2014
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