Just as millions of Americans refinanced their homes to take advantage of lower interest rates, many senior life insurance policy holders are having their life insurance policies valuated and combining this new found life settlement money with more competitively priced life insurance products which may reduce or eliminate future premiums. It is financially responsible to have a life insurance valuation performed. Armed with the knowledge of a policy's fair market value, many more financial alternatives may be open to the policyholder.

A life insurance valuation, also known as a life settlement, is a viable financial tool, utilized by financial professionals to determine the fair market value of a life insurance policy. Currently, this option may allow for a much higher cash offer/life settlement than the current surrender value stated in your policy. Life insurance valuations have returned offers of 10-60% of the current coverage [face-value], regardless of the cash value amount. Determining the fair market value may result in new “found money” and help offset future premiums on more beneficial coverage.