{"id":18056,"date":"2020-04-14T10:35:00","date_gmt":"2020-04-14T14:35:00","guid":{"rendered":"https:\/\/insurancenewsnet.com\/?post_type=oarticle&p=5372309"},"modified":"2020-04-14T10:35:00","modified_gmt":"2020-04-14T14:35:00","slug":"life-settlement-option-proves-popular-option-in-new-survey","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/04\/14\/life-settlement-option-proves-popular-option-in-new-survey\/","title":{"rendered":"Life Settlement Option Proves Popular Option In New Survey"},"content":{"rendered":"
\nBusiness Wire<\/span><\/div>\n
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More than 38 percent of individuals who sold their life insurance policies in life settlement transactions last year said they were planning to lapse, cancel or surrender their policies until they learned of the life settlement alternative, according to a newly released survey from Welcome Funds<\/a>, one of the nation\u2019s leading life settlement brokers.<\/p>\n

\u201cThe findings from our survey of more than 200 clients provide clear evidence that we need to increase awareness among American seniors that they may be able to obtain far more value from their life insurance policies by selling them as life settlements than they can by lapsing or surrendering them back to the insurance companies,\u201d said John Welcom<\/a>, founder and chief executive officer of Welcome Funds, and one of the pioneers in the U.S. life settlement industry.<\/p>\n

The survey found there were six primary reasons why policy owners chose to sell their policies:<\/p>\n