What are the pros and cons of Senior Settlements?
The pros of Senior Settlements are, that seniors participated in
the settlement, will benefit from the following: sell life
insurance to a third party for payment, or have been diagnosed with
a terminal condition and want/need money before they die. The cons
are the senior will lose the policy once it is sold, and the senior
payment will go to the third party that buys the policy and not to
the heirs.