Life settlements are not the easy money many companies portray them to be.

It makes absolute sense for virtually every senior to understand what the value of their life insurance and life settlement potential is. That is a far cry from saying that a life settlement is the right thing to do. (Just because you know the market value of your house does not mean you should sell it).

The fact is that life settlements may be a bad decision for the family. In addition, people need to be aware that a life settlement is a complex process and may take some time. There are many variables that your life settlement broker needs to negotiate. With hundreds of thousands of dollars and potentially millions of dollars on the line, investors require significant due dilligence to ensure their investment is sound. So make sure you understand the life settlement process and are prepared for it.

I was skimming the headlines today and came across this little piece that kind of burned me up. You take a peak and let’s see what you think: (more…)