Pacific West Capital Group Can Help Seniors Avoid a Lapse in Judgment

April 16th, 2014

Allowing life insurance policies to lapse allows the insurer to pocket the funds invested and deprives the policyholder of the value accrued in those policies. Life settlement arrangements with companies like Pacific West Capital Group can provide added financial protection for senior citizens and can prevent insurance companies from absorbing the equity in these policies by default. In cases where life settlements are not practical, surrendering the policy for its cash value can allow at least some of the value to return to the policyholder. Cash value surrender is preferable to allowing the policy to lapse and losing the entirety of the financial investment to the insurance company.