Older Americans often hear about opportunities to sell their life insurance for cash. In the past, if you owned a life insurance policy that you no longer needed, wanted, or could afford, you generally had two choices: surrender your Whole/Universal life insurance plan for its cash value or allow your term policy to lapse. Life settlements present a third option: selling your policy (or the right to receive the death benefit) to an entity other than the insurance company that issued the policy. During this class we will explore this third option. We will learn the seven most common reasons people sell their policies, the five types of policies that get sold, and illustrate four real-life examples. Join Mark Livingston, independent and licensed life and health insurance agent. Open to all.