A life settlement, or life insurance settlement, is the term used by life settlement companies to describe the money received when an individual sells their existing life insurance policy. Selling a life insurance policy is a quick and easy way to obtain cash that can be used to pay for medical bills and other expenses. Amrita Financial, one of the leading life settlement companies, specializes in offering people just like you an easy way to navigate the process of turning unneeded insurance policies into cash by selling them to third parties. According to a United States Government Accounting Office report, on average life settlements pay 8 times more than the cash surrender payout offered by insurance companies (source GAO – Report to the Special Committee on Aging, U.S. Senate July 2010)
