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Auto-rebalance features are available from some insurance companies and should be considered for those policy owners who don't expect to actively manage their policies. While investment portfolios are often professionally managed, Variable Universal Life portfolios often are not managed, even by the policy owner. Because of the emerging secondary market in homeowners insurance policies, life settlements have literally breathed new life and value into about-to-lapse and unwanted and unneeded policies. As a result of life settlements, a whole new industry has emerged, introducing "fair market value" as a term of art into policy terminology. A term home insurance policy about to lapse for nonrenewal could be worth as much as 25 percent of the policy's death benefit on the life of someone over age 70 - with health issues - who no longer needs the policy. By definition, there's no cash value in a term policy, so when it's dropped (the policy owner indicates nonrenewal by simply not paying the premium due), that's the end of it. It's estimated that fewer than 5 percent of term policies are in force at the time of the insured's death, primarily because of replacement with other policies, elimination of need, or the inexorable increase in the cost of maintaining such a policy at older ages.