LifeStone specializes in life settlements. (A Life Settlement is the legal sale of an existing life insurance policy (typically of a senior) for more than its cash surrender value, but less than its net death benefit via institutional investor.) The primary benefits of a life settlement for the policyholder are the cash proceeds and the elimination of ongoing premiums. The influx of cash plus a streamlined budget could alleviate financial issues that are common to seniors. They could use the money to cover costs for: Prescription medicine or long-term care To pay down debt To pad their investment portfolio To create an emergency fund To assist the ongoing living expenses
