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Saul L. Appel, CLU, ChFC

The Biggest Mistake Seniors Make With Old Life Insurance

The biggest mistake many seniors make is letting an old life insurance policy lapse without checking its value first.

Published July 23, 2026

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The Biggest Mistake Seniors Make With Old Life Insurance

The biggest mistake many seniors make is letting an old life insurance policy lapse without checking its value first.

A policy may feel unnecessary, expensive, or outdated. But that does not mean it has no value.

In some cases, an unwanted policy can be sold through a life settlement for more than the cash surrender value.

This is especially important before stopping premium payments or signing surrender paperwork.

Once a policy lapses, the opportunity may be gone.

Before you walk away from a life insurance policy, get it reviewed.

Visit Policy-Cash.com for a free policy review.


Ready to find out what your life insurance policy is worth? Get your free, no-obligation estimate in 60 seconds. Get My Free Policy Evaluation


Saul L. Appel, CLU®, ChFC® | President, Appel Financial, Inc. | 50+ years experience 617-610-1898 | appelfinancial@gmail.com | www.appellifesettlements.com