Settlement

About every 10 years or so, a new catastrophe rears its ugly head and forces us to find money we didn’t even know we had. Today’s catastrophe goes by the name COVID-19.

As a result, most companies are scrambling for hidden dollars to hold back the debt collectors long enough for things to level off and return to normal.

One place overlooked are old corporate insurance policies. These policies may have been put in place years ago for various reasons, but their needs have changed or are no longer necessary for the company today, and the cash values inside may be just what’s necessary to help the company float current cash flow needs.