Yet, after years of paying premiums into the plan, many policy holders are highly reluctant to just drop their coverage altogether – especially given the miniscule amount of cash surrender value they are likely to receive in return.
There Could Be a Better Way
Over the past few years, however, many seniors – primarily those who are age 70 and over – have discovered a much better alternative for finding out how much their unwanted life insurance coverage is really worth out in the market place through selling by way of a life settlement transaction. And, it might surprise you to find that their value is likely much higher than your insurance company wants you to think.