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Life Insurance Settlements and Betty White

February 6, 2013

Life Insurance Settlements

Just about everyone on the planet would agree that Betty White, the 90-year ‘young” star of the big and little screen has it ‘goin’ on’. She has remade herself and her image and is playing up the senior citizen angle garnering her starring rolls on such hit TV series as “Hot in Cincinnati” and face booking her way to hosting ‘Saturday Night Live’.

 However, Ms. White has more going for her than just her fame and little old lady cuteness, she knows life insurance settlements, and she knows a little known secret about life insurance settlements that has the Internet search engines buzzing.

Have you ever heard of Life Insurance Settlements?

Don’t worry if you have not, you are not in the minority. Lucky for you Betty White has and she is now trying to spread the word to baby boomers who can most benefit from this little known life insurance strategy.

So what is all the buzz about? Life Insurance settlements are a method by which retirees can sell an unneeded life insurance policy for a portion of the face value amount of the policy.

As retiring boomers explore all the financial options available to them that would help fund their retirement, and maybe make it easier for them to retire and retire sooner, life settlements are quickly rising to the top of the option list.

Betty White appears as a company spokesperson for The Lifeline Program in a YouTube music video informing, to date, more than 1 million viewers about this unique opportunity.

“Many people didn’t know selling their life insurance policy was even an option; however, boomers are demanding more education from their financial advisors,” said Wm. Scott Page, president and CEO of The Lifeline Program. The Lifeline Program is a leading life settlement provider and they commissioned International Communications Research to survey opinions from boomers regarding retirement and their knowledge of life insurance settlements.

The survey done earlier in the year by the Lifeline Program indicated that the majority of baby boomers are not at all prepared for retirement and most of those surveyed indicated that their hope of retiring at age 65 was slowly giving way to the new perspective of working well into boomers retirement years.

If your life insurance policy qualifies for a life settlement, you might even be able to sell it for more than the cash value of the policy.

Types of life insurance policies that are eligible for life settlements typically include whole life insurance, universal life insurance, term life insurance and variable life insurance settlements.

Remember, in order for this to even be an option for you, you must have a life insurance policy already inforce. If you don’t have one, it’s a great time to explore what the best life insurance policy would be for you. You can start the process by clicking here for life insurance quotes.