Today you can sell your unwanted or unneeded life insurance policy for cash
Most people don’t think of life insurance as an asset. It’s usually part of a long term financial plan to protect against the unexpected. But as you grow older, your needs change.
The children are grown, retirement living expenses and medical expenses are rising, and the premiums on your life insurance policy may by going up too.
Many people don’t know this, but you can sell a life insurance policy you may no longer need or want. The process is called a Life Settlement. It used to be that when a life insurance policy was no longer needed, the only option was to take the cash value, or in the case of a term policy let it lapse.
But today you can sell your unwanted or unneeded life insurance policy for cash.