Life settlements have been forfeited each year by US residents over age 65 are losing out on a set of 112 billion dollars in settlements annual life insurance, according to a new report from the Insurance Association life settlement. The report notes that consumers are losing out on the benefits of life insurance because the insurance lapsed or because they choose to surrender their insurance. Organization shows the size of the market potential life settlement in the United States is "simply incredible." The report shows that a life insurance policy can typically be sold for more $ 100,000 report shows that tens of thousands of seniors forfeiting of life insurance settlements, which can be used to cover various expenses. A life insurance is sold to a third party. Policyholder transfer of ownership of a policy to a third party in exchange for a payment. According to reports, the cashing out life insurance policies they usually over the age of 70 and their policies often worth more than $ 100,000. More than 250,000 life insurance policies lapse every year in the US
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