/channels/taxonomy/term/7910/all en /channels/news/unwanted-life-insurance-can-be-valuable-asset-seniors%E2%80%99-retirement-240370 <p><span>Seniors looking for an additional source of income should think twice about letting unwanted life insurance lapse, because these policies may be sold for substantial value to help fund a better quality of life in their retirement.</span></p> <p><span>... <span><strong>Ken Lester</strong>, a professor at ƽÌØÎå²»ÖÐ’s Desautels Faculty of Management and CEO of Lester Asset Management Inc. in Montreal, says life settlements are a bit like reverse mortgages, which allow homeowners to take out a loan against the equity in their home to receive cash payments. </span></span></p> Mon, 24 Nov 2014 19:27:33 +0000 webfull 106723 at /channels