The low interest rates we’ve been seeing for the past decade have been a double-edged sword—good for financial moves like mortgages—but bad for returns on bonds and other interest-dependent investments. As you assess your investments in this climate, there’s one important scenario that’s easy to overlook: Low interest rates on life policies.
Life settlements are a means of selling your life insurance policy that is regulated by individual states. Life settlements can be a great option if you’re no longer in need of your policy and would like to gain the means to pay off hefty bills or simply to set yourself up for future financial stability.
