Reason #2 To Sell Your Life Insurance… Replace Lost Income
A Life Settlement is the sale of a life insurance policy to a third party for a value in excess of the cash surrender value, but less than the death benefit.
Life Settlements represent an important solution for a growing number of people who thought they were stuck with a life insurance policy they no longer need. Many people do not realize a life insurance policy is their personal property and can be sold.
Selling Life Insurance to replace lost income could be an option for someone with no cash value available in their life insurance policy.