You can also consider life settlement option — Another way in which you can use your life insurance to pay off your debts is through life settlement. (paramountlifeinsurance.com)
49 percent of advisors cited lack of knowledge as the reason for not recommending life settlement option to clients. (lisa.org)
Many states now require life insurance carriers to notify policy owners about life settlement options when they are about to lapse a policy. (lisa.org)