How can one use the money from a settlement?
There’s no limit on how one can use cash from a settlement. One recent Lifeline Program® client used settlement funds to buy cattle for her grandson’s farm. Another client used his settlement to help pay for his ill mother-in-law’s at-home healthcare.
If a policyholder’s personal financial situation has taken a turn for the worse, affording premium payments can become a challenge. In this situation, a life settlement may provide funds to help pay for essential expenses and improve a policyholder’s lifestyle. Policyholders may use life settlement funds to pay down loans or other outstanding debts. Reducing and eliminating debt is the first step toward financial freedom.