Published on 24 Aug 2009
Increasingly, Seniors Realizing Nest Egg in Life Insurance Policies
Dallas Morning News
By: Bob Moos
Seniors battered by the tough economy are selling their life insurance policies to replenish their retirement nest eggs.
Archive for August, 2009
Published on 19 Aug 2009
Cash in on Your Life
Baltimore Sun
By: Kimberly Lankford
Kenneth Sahs, 71, faced a once-in-a-lifetime decision last year. His $500,000 convertible term life insurance policy would soon expire. Sahs could drop it and get nothing or convert it to universal life, a form of cash-value insurance, and take on $12,000 a year in premiums.
Then Sahs and his wife, Marie, read in Kiplinger’s that they had a third choice: to sell the policy to an investor. To their delight, the Sahses got a quick $125,000. No more eventual death benefits, but no more premiums, either. “Insurance companies don’t tell you there are opportunities like that,” says Marie. “It’s like a treasure chest you don’t know to look for.”
http://www.baltimoresun.com/health/seniors/sns-health-cash-in-life-insurance,0,743227.story
