Recently my grandfather who is about eighty years old had a severe heart problem and needed some money to meet the expenses. Due to this his monthly expenses mounted and he was not able to afford paying the monthly premium for his life insurance. So he opted to go for senior settlement. In this his policy fetched him a much greater amount that it would have if he had surrendered it. Such life settlements help people in their old age to reduce their liabilities. There is a life settlement company called LIS that is very experienced in this life settlement field.