A new financial tool is now available for senior citizens. Life Insurance Settlements are quickly becoming a way for seniors to receive money from an under performing or costly life insurance policy.A life insurance settlement is the sale of a life insurance policy (whole life, term, universal life, etc.) covering the life of one or more individuals with an ?ascertainable and limited? life expectancy. A life insurance settlement is usually most beneficial seniors over the age of 65.Some basic qu...