Understanding Life Settlements for Cancer Patients
When facing a cancer diagnosis, financial stress can compound the physical and emotional challenges. Many patients don't realize that their life insurance policy is a liquid asset that can be converted into immediate cash through a life settlement.
What is a Life Settlement?
A life settlement allows you to sell your existing life insurance policy to a third party for a lump sum payment. This payment is typically higher than the policy's cash surrender value but less than the death benefit.
Benefits for Cancer Patients
- Immediate cash for treatment costs, experimental therapies, or travel to specialized centers
- Eliminate premium payments that may be difficult to maintain during treatment
- Flexibility to use funds for any purpose - medical bills, debt relief, or quality of life improvements
Who Qualifies?
Cancer patients with life insurance policies may qualify if: - They are 65 or older (or have a serious diagnosis) - Policy face value is $100,000 or more - They have a qualifying medical condition
Next Steps
If you're interested in exploring a life settlement, contact our specialists for a free, no-obligation evaluation. We'll help you understand your options and determine if a life settlement is right for your situation.