Life settlements are an option for senior high-net-worth policy owners, usually age 65 or older. Independent research estimates declare that with senior life settlements, approximately 20% of insurance policies have a market value that goes beyond the cash value offered by the insurance carrier. Many policy owners may lack familiarity with senior life settlements, until a suitable financial professional mentions the life insurance settlement option to them. Esteemed proponents such as United States Representative Bill Gradison, Warren Buffet and a number of media sources including Time Magazine, The Economist and The Wall Street Journal brought attention to the concept. With a growing number of reports on senior life settlements, more experts now believe that educating clients about offering life insurance settlements should fall under the fiduciary responsibility of a consummate financial advisor.