Kilbourn Associates is promoting use of life settlements as a vehicle for funding replacement of existing life insurance policies.[@@]

Kilbourn Associates, Naples, Fla., says it has started a service, the LifeCon service, that will review life policies for U.S. residents over the age of 69 “for FREE,” according to a press release that the firm issued today.

The program will use life settlements to replace eligible policies with a “new policy, often with enhanced guarantees,” according to Kilbourn Associates.