Senior settlements

Senior settlements are financial package permitting a settlement to be paid in regular installments either for a fixed period or for the lifetime of the claimant. Because senior settlements are customized plans , they may also include some immediate payment. The senior settlement payment is usually made through purchase of an annuity from a Life Insurance Company. Senior settlements are used to sell a life insurance plan. Companies compete by purchase senior settlements, so shopping around is a good idea if you are looking to sell your senior settlement.