In a recent article in the National Underwriter (April, 2005) a Senior Life Settlement is depicted as an ingenious financial planning option available to consumers by providing access to secondary life insurance market through life insurance valuation - a new trend, tool in the financial advisory services industry unlocking opportunity for many.
The two types of life insurance are term and permanent. The one that’s right for you depends on lots of factors, including your budget, the amount of coverage you have need to, and the body of time you would like the coverage to last. If you are thinking of purchasing term life insurance, perfectly industry professionals would suggest getting a policy where the death benefit is equal to 8-15 times your annual income. In some instances you may even be obliged to convince yourself up to 20 times your annual income.
