Am I obligated to sell my policy?

No. You are under no obligation to accept an offer.  In fact, there is a 15 day rescission period that allows you to change your mind and not sell for up to 15 days after receiving payment for the policy in most states. The rescission period varies from state to state.

Magna Life Settlements Staff

Magna Life Settlements Staff

Magna Life Settlements is the leading life settlement provider. Magna pays people cash for their life insurance policy from the convenience of their own home online. Our team has decades of financial experience, and are dedicated to helping those in need. Many people have no idea just how valuable their life insurance policy is when they surrender or lapse it, and so many policies today are just given up because of inability to pay the premiums. If you fit our criteria you may be able to receive real value for something you felt had become a burden.

See How Much Your Policy May Be Worth