Life Settlements offer financial flexibility by allowing you to access the cash value of your life insurance policy. They’re beneficial if your policy is no longer needed due to changing circumstances or if you’re struggling with premium payments. Additionally, Life Settlements can provide a higher payout than surrendering the policy to the insurance company. They’re also useful for supplementing retirement income or funding long-term care expenses. However, it’s essential to carefully consider the implications and consult with financial professionals before pursuing a Life Settlement.