Very good in-depth article on this financial option... of utmost importance to many seniors I would say. I also would like to ask about another option that is getting more popular now, thanks to a need to combat insurance companies who are increasing premium rates -- frequently making it impossible for seniors to pay these sky-high life insurance premium rates. And this alternative option is the ability to sell your life insurance through a life settlement company... "Cashing out" or selling a life insurance policy can be the answer to all our problems, if it's the right type of policy, if one's age range is appropriate, etc. But if it's a fit it works beautifully and can save the day for many seniors.