Capitalize On Selling A Life Insurance Policy

Selling a life insurance policy means freeing up cash. A life settlement occurs when the policyholder sells the insurance policy to a buyer. The buyer pays the seller cash and assumes all future insurance premium payments. To meet the criteria of becoming a seller of a life insurance policy, the person must be at least 65 years old, the face value of the policy is a minimum of $100,000 and have a life expectancy of 15 years. Life insurance policies purchased include Universal, Whole Life and Term. The settlement value tends to be higher than the insurance policy’s cash value.

When selling a life insurance policy, the seller will have funds for retirement, pay debts, provide money for family members and take care of medical bills. To find out what your life insurance policy is potentially worth, click on the banner and fill out the simple form.

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